Guptas are well known for their successful association with the country since the past few years and their contribution towards the South African economy. In terms of their work for the country, Capital Investment, Employment generation is not hidden from anyone. But as we say that for every good action, it goes an equal negative reaction upfront and WMC has played that role quite well since they noticed the Guptas evolving on the Political map of the country. The Recent acts by several banks cutting their financial ties with the Guptas was one of such foul plays in support with WMC with the sole reason to paralyze the Guptas in terms of their quest for bringing Radical economic transformation to the country.
Moreover, the banks also forget the fact that this will leave thousand of staff working in their Gupta’s owned companies without any livelihood and the step would lead to massive unemployment in the country. As expected, this now has led to massive unrest by the public towards the banks and they are holding protest march to register their opinions across the country.
People can be seen highly annoyed by the recent developments in Gupta vs BoB saga, where the bank announced stepping away from any further financial dealing with the Gupta owned Companies citing “Substantial Business risks” as the main reason. Though, it is quite proven fact that this is nothing beyond a silly move to leave thousand of natives of the country left struggling for their Bread and butter and by watching people’s reaction on the same in the videos surfaced over the social media, it can be said that the “Storm ”seems like taking everyone around into its hold.