Today's Big Stories

More resignations to come at Gupta companies - EFF

Godrich Gardee, secretary general of the Economic Freedom Fighters (EFF) says they are not surprised by Nazeem Howa's resignation as chief executive officer of Gupta owned company, Oakbay investments.

The company made an announcement on Monday that Howa has resigned with immediate effect due to ongoing health issues.

Gardee says they are expecting many more resignations to come from the Gupta owned companies in the coming weeks because people are scared of jail just like President Zuma who is hanging onto his Presidency.

He says the EFF has laid charges of money laundering, racketeering, corruption and fraud against four Gupta brothers as well as Duduzane Zuma and Howa.

Chief Economist, Dawie Roodt questioned the statement made by leader of the EFF Julius Malema's months ago that the Gupta's took R7 billion out the country when they left for Dubai. He says the R6.8 billion mentioned by the Minister of Finance Pravin Gordhan and the amount mentioned by Malema, shows that Malema knew something we didn't.

He says the shares prices at Oakbay are not trading at the moment. Oakbay is a very tightly held company with very few share holders, he says.

Roodt says these political shenanigans are affecting the rand and it is the poor people of South Africa that will suffer. He says the rand is fluctuating and reacting to the news on Pravin Gordhan and whether he is going to keep his job or not.

To hear more on whether the EFF have a strong case against the Gupta's, click and listen below:

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