State capture inquiry revealed ANC bullied banks for the Guptas

State capture inquiry revealed ANC bullied banks for the Guptas

Editor's Note: - On Monday, Standard Bank's Ian Sinton testified at the state capture inquiry and revealed just how far ANC ministers were willing to go to keep the Gupta show going. took a look at what News24's assistant editor Pieter du Toit had to say on the matter.

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Zizi Kodwa, the ANC’s head of presidency (a mighty fancy title) and for years the party's master spin doctor, recently wrote an opinion piece in the Sunday Times where he flimsily contended that the governing party is not on trial in Zondo's commission of inquiry into state capture.

But with every new witness and each passing day at the commission's hearing in Parktown, Johannesburg, Kodwa's argument becomes increasingly hollow. The ANC would have South Africans believe that the establishment of the inquiry is thanks to the ANC's "determination to stay the course and cleanse our institutions and organs of state of corrupt practices".

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Kodwa argues that the commission "may lay bare" conduct of some of its own members, but that it has nevertheless issued a general call to its own to cooperate with the inquiry. He then declares that South Africans "pretend not to remember" that Chapter Nine institutions "were created by the ANC as governing party".

Where to begin, especially after Monday's testimony by Ian Sinton, Standard Bank's former general counsel? He went into great detail, laying bare the ANC and its government’s concerted efforts to strong-arm the bank into reversing its decision to close the Guptas' bank accounts.

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We all knew the broad outlines of events: the banks deciding to close the Gupta accounts, the Zuma Cabinet's attempts to overturn the decision and the resulting confrontation when Finance Minister Pravin Gordhan went to court to try and obtain an order to confirm his functions as member of the national executive.

But Sinton's testimony has exposed to what lengths the governing party went in order to protect a family that latched onto the state like a bloodthirsty parasite to a meek host.

For the ANC to summons the Standard Bank leaders to its Luthuli House headquarters to explain their decision is quite stunning – a political party, albeit the governing one, intimidating a private company to overturn a commercial and legal decision.

If the ANC's direct involvement wasn't enough, the farce which was the "inter-ministerial committee" led by Mosebenzi Zwane - then-minister of mineral resources, but in actual fact nothing more than minister of Gupta affairs - compounds everything.

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Zwane ordered the Standard Bank leadership to a meeting in Pretoria where he proceeded to threaten the company by saying he could change laws and that the bank must remember it operated courtesy of a banking licence issued by government. And who was part of the "inter-ministerial committee"? Mzwanele Manyi, an alleged "ministerial advisor" but incidentally also a Gupta vassal and acolyte.

The ANC was wholly involved in the creation of the shadow state. Its leaders apparently helped the Guptas wherever they could, its most powerful deployees intervened on their behalf. The commission of inquiry was not instituted by choice or a civic sense of duty, Kodwa will be advised to remember.

It was forced on then-president Jacob Zuma by the High Court after he and his party resisted all efforts to investigate state capture. The ANC was the single biggest opponent of the Public Protector's investigation into state capture, and before that into Nkandla.

The fact that a commission of inquiry has been constituted is not because of the ANC, it is despite of the ANC. And given the depth of its involvement in state capture not only is it in the dock, the ANC is the main accused.

Read the rest of du Toit’s views on state capture on News24.

Disclaimer: The views and opinions expressed here are those of Pieter du Toit and do not necessarily reflect the official policy or position of

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