It was not calls for a boycott of the ANN7 South African of the Year Awards that led to the show being cancelled‚ but instead major banking woes involving the Gupta family.
It was last week confirmed that the show would not be going ahead‚ despite ANN7 confirming that it had arranged for international singing sensation Jennifer Lopez to perform.
Just a few days later‚ the channel released a statement confirming that the SATY Awards had been postponed.
“The postponement is due to unforeseen regulatory circumstances that have materially impacted on logistics for the event. Regretfully‚ this has left us with no choice but to seek a new date in the near future. We look forward to confirming a rescheduled date‚” read a statement at the time.
jennifer-lopezNow City Press is reporting that the Gupta family has been receiving help from India’s Bank of Baroda after being dumped by major banks in South Africa.However‚ that relationship has come under “increased scrutiny“.The paper claims that officials at the bank refused to release funds on time.
“The bank did not release the funds to pay artists and other expenses‚” on source told the paper.It’s also believed that a staff year end party has been cancelled.
At the same time plans for the concert to take place in April 2017 have already begun.