Investec Closes Aventro Accounts Over Alleged Qatari Payments, Mashatile Seeks Investment Abroad

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Politics News

South Africa,Investec,Aventro

Investec bank has closed the accounts of South African investment firm Aventro Investments citing reputational risks related to alleged payments by the Qatari government. Meanwhile, Deputy President Paul Mashatile is on a diplomatic trip to Ireland seeking to strengthen economic ties and build confidence in South Africa's future.

Investec closed the accounts of Aventro Investments recently, citing 'reputational risks' around payments allegedly made by the Qatari state.Associates of Deputy President Paul Mashatile have reportedly had their commercial banking facilities closed.

Meanwhile, the deputy president has been meeting with dignitaries in the Republic of Ireland as he seeks to build tighter economic bonds. “We emerged from a peaceful election and formed a Government of National Unity . All parties in the GNU pledge to uphold the 10 fundamental principles.” The international journey comes two weeks after Mashatile collapsed while giving a speech in Limpopo.

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