The Cabinet deploys ministers to find out why banks closed Oakbay accounts

Cabinet has decided to deploy ministers of finance, labour and mineral resources to meet and interact with the four banks that have cut ties with Oakbay Investments.

Absa, FNB, Nedbank and Standard Bank stopped providing their services to Oakbay following the allegations that the Gupta family, co-owners of the company, are involved in the ministerial appointments.

Xolani spoke to Gaye Davis, EWN reporter, following the story in parliament.

The cabinet's statement says this move [by banks] might deter future potential investors wanting to do business in South Africa.

Gaye Davis, EWN reporter

The minister was quite clear that this is not about bullying banks. He said he doesn't think banks can be bullied, they are full of big boys and girls.

Gaye Davis, EWN reporter

He is insisting that it's not an investigation in to what banks have decided, it's just about finding information.

Gaye Davis, EWN reporter

Listen to the conversation between Xolan and Gaye below.

Read More
Oppenheimer or not - private terminals no big deal, says aviation expert

Oppenheimer or not - private terminals no big deal, says aviation expert

Aviation expert Karl Jensen says the Oppenheimer family's private airport terminal isn't unusual, but rather a good business plan.

Govt on campaign to ensure muti traders and healers abide by environmental laws

Govt on campaign to ensure muti traders and healers abide by environmental laws

The Environmental Affairs Dept is running an awareness drive on biodiversity compliance to help educate about environmental laws.

High school driving lessons will help improve road safety, says expert

High school driving lessons will help improve road safety, says expert

'Stay Alert Stay Alive' coordinator Dr Lawrence Barrit shares the aspects of road safety that are relevant to educate youngsters.

MPs lay out contents of SABC report recommendations

MPs lay out contents of SABC report recommendations

Parliament’s probe into the SABC is approaching its final stretch as MPs thrash out what should be contained in its draft report.

Parliament next stop for Cybercrime bill

Parliament next stop for Cybercrime bill

The Cybercrime Bill has been approved by Cabinet and is on its way to Parliament, a move computer forensics have long awaited.

Police watchdog completes raid at Phahlane's home amid corruption probe

Police watchdog completes raid at Phahlane's home amid corruption probe

Ipid secured the search warrant as part of a corruption investigation during the time that Phahlane was head of forensic services.

Popular articles
Brother of man who died in Kuga opens up on air, discusses lawsuit against Ford

Brother of man who died in Kuga opens up on air, discusses lawsuit against Ford

John Maytham interviews Kaveen Jimmy; who says he has damning evidence against Ford.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

NSFAS to reopen 2017 applications

NSFAS to reopen 2017 applications

National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

They couldn’t fix his iPod, so he did it himself (thereby creating iFix)

They couldn’t fix his iPod, so he did it himself (thereby creating iFix)

Alex Fourie created iFix in 2006 from his dorm room at university. Today it repairs about 10 000 devices a month.

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.