Tag Archives: South

Bank of Baroda is said to be probed in South Africa over Guptas

Bank of Baroda, which is the only lender in South Africa still offering services to companies linked to the Guptas, is seeking a court order that will allow it to close the accounts. Photo: Mint Johannesburg: India’s Bank of Baroda is being investigated by South Africa’s central bank over money held for companies controlled by the politically connected Gupta family, according ... Read More »

SICCI holds session on business opportunities in South Africa

(from left) R Ganapathi, Senior Vice President, SICCI; Ben Joubert, Deputy High Commissioner of South Africa to India and MM Murugappan, Vice Chairman, Murugappa Group and Honorary Consul of South Africa in Chennai at an interactive session on ‘Doing Business with South Africa’, in Chennai on Monday. – Bijoy Ghosh CHENNAI, SEPTEMBER 11:   To enhance business cooperation between India and ... Read More »

Samsung Electronics asks South Korea customers to stop using Galaxy Note 7

Tech giant Samsung Electronics Co Ltd (005930.KS) said on Saturday it recommends South Korean customers to stop using the Galaxy Note 7 phones, which the company is recalling due to faulty batteries prone to catching fie. Samsung, in a statement posted online, said it will offer rental phones to customers who turn in their Galaxy Note 7 and reiterated that ... Read More »

South Africa’s finance minister to be charged for graft

South Africa Finance Minister Pravin Gordhan may be charged this week for graft, the City Press newspaper reported on Sunday, citing senior sources in the police, the National Prosecuting Authority (NPA), and the tax service. Thirty witnesses had been lined up to testify against Gordhan and three former officials from the South African Revenue Service (SARS), the paper said. Officials ... Read More »

South Korea suspends sales of most Volkswagen models

South Korea on Tuesday suspended sales of most Volkswagen AG (VOWG_p.DE) models in a fresh blow to the German automaker as it struggles to overcome the global repercussions of its emissions-test cheating scandal and rebuild its tattered image. The government revoked certification for 80 model variants of VW, Audi and Bentley vehicles, and fined Volkswagen 17.8 billion won ($16.06 million) ... Read More »