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THE Sekunjalo Group of Companies’ (Sekunjalo) bank accounts at Nedbank will remain open after the Western Cape High Court reserved judgment this week in Nedbank’s appeal against the interim interdict granted to Sekunjalo in June preventing the bank from closing its accounts.

Reserving judgment in the matter, Judge Mokgoatji Dolamo said that because the issues raised in arguments by both sides were weighty and would require in-depth scrutiny, it would probably take about “a week or two” before he could return a ruling.

In June, Judge Dolamo had said that Sekunjalo, which owns Independent Media, had established a prima facie case that it had been unfairly discriminated against and that Nedbank had not proved its conduct was not based on one or more prohibited grounds. | IOL