Guptas are 'delighted' to be named in Gordhan affidavit

Oakbay Investments say they are 'delighted' to be respondents in the Finance Minister Pravin Gordhan's court papers so that they can begin to clear their names.

Gordhan's affidavit revealed that R6.8 billion made in payments by Gupta brothers and firms they control have been reported to authorities as suspicious over the past four years.

Gupta Family lawyer, Van Der Merwe Associates, released a statement on behalf of Ajay Gupta and Oakbay Investments in response to Gordhan's affidavit. It refers to Gordhan's allegations as 'undiluted nonsense.'

Read the full statement from the Gupta family below:

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

Gordhan's affidavit also revealed that he had discussions with Howa over the bank account closures.

Read More
Davis Tax Committee invites submissions on wealth tax to tackle inequality

Davis Tax Committee invites submissions on wealth tax to tackle inequality

Stephen Grootes speaks to Xhanti Payi and Prof Patrick Bond about the feasibility of wealth tax, and how it will benefit the poor.

"I never apologised" Gwede Mantashe

"I never apologised" Gwede Mantashe

ANC sec gen dismisses Zuma's claims in court papers that Mantashe and Ramaphosa apologised to him as factional divide deepens.

 Oakbay Investments CEO Nazeem Howa resigns

Oakbay Investments CEO Nazeem Howa resigns

Sunday Times reported that the affidavit submitted by Finance Minister to the court reveals Gordhan had had discussions with Howa.

Gupta-owned Oakbay responds to bias claims

Gupta-owned Oakbay responds to bias claims

The company says there's nothing unusual about one of its board members also sitting on the Eskom board.

Questions raised over Gupta business as ‘jet touches down in India’

Questions raised over Gupta business as ‘jet touches down in India’

Earlier today, Oakbay Investments CEO Nazeem Howa said the brothers were not ‘fleeing the country’.

Barclays Africa turns down meeting with ministers over Oakbay

Barclays Africa turns down meeting with ministers over Oakbay

Several companies, including four major banks in SA, have severed links with Oakbay Investments.

Popular articles
President Zuma is stalling on signing FICA bill  - and it remains a mystery why

President Zuma is stalling on signing FICA bill - and it remains a mystery why

EWN Parliament correspondent, Gaye Davis says it is still unclear why the President hasn't signed the FICA bill.

Sea Point's Mojo Market opens for business on Thursday

Sea Point's Mojo Market opens for business on Thursday

A new lifestyle market is set to open in Sea Point, offering a variety of food, art, fashion and entertainment seven days a week.

Judge Desai visits van Breda home on day 2 of triple murder trial

Judge Desai visits van Breda home on day 2 of triple murder trial

During the van Breda home visit State prosecutor Susan Galloway described to the judge where the murder weapon was found.

Caller berates black staff, says employers not obliged to provide transport

Caller berates black staff, says employers not obliged to provide transport

The caller from Bedfordview responds to complaints around the lack of late night transport provisions for Virgin Active workers.

Johnny Clegg announces his final tour

Johnny Clegg announces his final tour

The legendary superstar who has given South African music a voice, is giving his fans one last hoorah.

Economist explains why Rand strengthens despite junk status

Economist explains why Rand strengthens despite junk status

Economist at Nebank, Isaac Matshego, explains why the Rand has strengthened over the past few days.

No jobs for medical interns as health dept funds dry up - Sama

No jobs for medical interns as health dept funds dry up - Sama

Mark Sonderup, South Africa Medical Association, vice-chairperson says the medical profession is in trouble.

[Watch] All the Foreshore Freeway Project proposals

[Watch] All the Foreshore Freeway Project proposals

Take a look at the 6 six proposals that have been received by the City for the Foreshore freeway precinct.