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Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments
Mini Dissertation (LLM)--University of Pretoria, 2019.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2020
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| _version_ | 1867613712268918785 |
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| access_status_str | Open Access |
| author2 | Brits, Reghard |
| author_browse | Brits, Reghard |
| author_facet | Brits, Reghard |
| collection | Thesis |
| dc_rights_str_mv | © 2020 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (LLM)--University of Pretoria, 2019. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/77423 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:40:30.132Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/77423 Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments Brits, Reghard arlen.naidoo@tuks.co.za Naidoo, Arlen UCTD Mini Dissertation (LLM)--University of Pretoria, 2019. By April 2016, most, if not all of South Africa’s banking institutions had shut its doors to Oakbay Investments, together with thirteen other companies,1 all with close ties to the now notorious and politically linked Gupta family group of companies. The account closures incited a legal and political “war”, which included court intervention by the erstwhile Minister of Finance Pravin Gordhan, asking for declaratory relief, stating that the Government, least of all the Minister of Finance, could not interfere with the decision of the country's major banks, in so far as they no longer wanted to do business with the Guptas.2 Underpinning the “Bank versus Gupta war”, is the bank-client or bank-customer relationship. In this dissertation, I will explore the legal foundations of this relationship, and whether the bank can terminate this relationship unilaterally. What are the considerations of the bank, and ultimately what are the consequences for undesirable customers in the banking marketplace? Mercantile Law LLM Unrestricted 2020-12-21T09:53:42Z 2020-12-21T09:53:42Z 2020/04/09 2019 Mini Dissertation Naidoo, A 2019, Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments, LLM Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/77423> A2020 http://hdl.handle.net/2263/77423 en © 2020 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments |
| title | Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments |
| title_full | Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments |
| title_fullStr | Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments |
| title_full_unstemmed | Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments |
| title_short | Termination of the bank-customer relationship : Lessons from Minister of Finance v Oakbay Investments |
| title_sort | termination of the bank customer relationship lessons from minister of finance v oakbay investments |
| topic | UCTD |
| url | http://hdl.handle.net/2263/77423 |