The Science Of ...

Gupta-owned Oakbay’s CEO Nazeem Howa sets the record straight

JIC Mining Services is our biggest revenue and profit generator, and it doesn’t earn a cent of government revenue.

Nazeem Howa, Oakbay Investments

We supply 1.5% of Eskom’s coal. If you look at the media it seems we’re supplying 95%!

Nazeem Howa, Oakbay Investments

If it can happen to Oakbay it can happen to any other business in this country!

Nazeem Howa, Oakbay Investments

Oakbay Investments is often a target of "state capture" allegations.

Many claim that its various businesses have benefited from the Gupta family’s friendship with President Jacob Zuma.

The Money Show’s Bruce Whitfield interviewed Oakbay CEO Nazeem Howa for his weekly “The Science Of” feature.

Scroll down for more quotes from the audio below.

Oakbay Investments is not listed; it’s a private company.

Nazeem Howa, Oakbay Investments

Our very being has brought attention to the Gupta family.

Nazeem Howa, Oakbay Investments

The banks have used a clause in the fine print to close our accounts. They still haven’t told us what they think we’ve done wrong.

Nazeem Howa, Oakbay Investments

We welcome this judicial enquiry.

Nazeem Howa, Oakbay Investments

We have not ruled out suing.

Nazeem Howa, Oakbay Investments

The Guptas will sell their shares in the business, hoping to prompt the banks to rethink their decisions.

Nazeem Howa, Oakbay Investments

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
Tax Ombud fights Sars on your behalf (send a complaint, it's free)

Tax Ombud fights Sars on your behalf (send a complaint, it's free)

Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.

The story of pulp and paper company Sappi (employer of 12 800)

The story of pulp and paper company Sappi (employer of 12 800)

The Money Show’s Bruce Whitfield interviews Steve Binnie, CEO of the world’s largest producer of dissolving wood pulp.

Private equity (and mergers & acquisitions) in SA explained in simple terms

Private equity (and mergers & acquisitions) in SA explained in simple terms

The Money Show’s Bruce Whitfield interviews Bowmans Law Head of Private Equity John Bellew.

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Bruce Whitfield interviews Gareth Woods from Good Game Well Played and Nick Holden of African Cyber Gaming League.

Why is charcoal found in the meat aisle? Because data...

Why is charcoal found in the meat aisle? Because data...

The Money Show’s Bruce Whitfield interviews customer data-science company Dunnhumby South Africa General Manager Graeme Tulloch.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

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.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

[WATCH] New adapted national anthem by students

[WATCH] New adapted national anthem by students

Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?