The Equality Court has granted businessperson Iqbal Survé's Sekunjalo group of companies an interim interdict ordering Nedbank to keep all their accounts open. | Fin24
Iqbal Survé’s Sekunjalo group of companies has won an interim interdict stopping Nedbank from closing its bank accounts.
Survé is the founder and chairperson of Sekunjalo Investment Holdings, which is 100% owned by a Survé family trust. He also recommended that the PIC conduct a forensic review of its transactions with the Sekunjalo Group. "In Nedbank’s view, the retained companies no longer posed reputational risk since their transformation," noted presiding Judge J Dolamo.
In his ruling, he ordered Nedbank to retain or reopen the bank accounts of the 44 Sekunjalo entities without changing any of their terms and conditions.
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