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

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Article brought to us by Old Mutual.


This article first appeared on 702 : Gupta-owned Oakbay’s CEO Nazeem Howa sets the record straight


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