Browsing: Nazeem Howa

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Oakbay boss Nazeem Howa quits

Nazeem Howa stepped down as CEO of Oakbay Investments, a Johannesburg-based holding company owned by the Gupta family, on Monday citing health reasons. The announcement came four days after finance minister Pravin

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Guptas’ Sahara has zero gov’t business

Gupta-owned Oakbay Investments on Thursday said it derived R233m from its total revenue of R2,6bn from government business. This is according to a statement released by the group detailing its revenue for the financial year ended

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Oakbay backs judicial probe into banks

A judicial commission of inquiry into banks is the best way to shed light on the reasoning behind their decision to close off accounts with Oakbay Investments, said CEO Nazeem Howa. In a teleconference with the media, Howa expressed

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Gupta accounts face regulatory scrutiny

South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the

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Gupta firm CEO supports SABC protests ban

The SABC is right to implement a ban on showing visuals of violent public protests, says Oakbay Investments chief executive officer Nazeem Howa. In an interview about his company’s controversial

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Gupta workers march on SA banks

Employees of Gupta-owned Oakbay Investments marched to major banks on Tuesday to demand that the company’s accounts be reopened. Armed with placards with phrases such as

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Radebe opens Gupta can of worms

Jeff Radebe, minister for planning, monitoring & evaluation, opened a can of worms on Thursday when he said three cabinet ministers held meetings with South Africa’s four big banks to get reasons why they decided to close the bank account of the

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Save our jobs, Oakbay employees beg banks

About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter

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