Oakbay Investments CEO Nazeem Howa resigns

Oakbay Investments chief executive officer, Nazeem Howa, has resigned with immediate effect due to health issues.

Yesterday Sunday Times reported that Finance Minister Pravin Gordhan's affidavit reveals that he had discussions with Howa over the bank account closures.

Gordhan had asked the courts to make a ruling to exempt him from intervening in the battle between the banks and members of the Gupta family.

Listen to the full statement by Oakbay below...


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Gordhan refuses to intervene in the battle between Guptas and SA banks

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Pravin Gordhan has spilled the beans on the Gupta's in order to be exempted from intervening in their battle with SA banks.

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Earlier this month, several companies, including all four major banks in SA, cut links with the Guptas.

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Minister Jeff Radebe announced that Cabinet ministers would hold ‘constructive engagement’ with banks.

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