Nazeem Howa, CEO Guptas’ Oakbay Investments Resigns


Howa resigned with immediate effect due to “health issues” or as some might call it, self-preservation instincts.

Last week Friday saw Pravin Gordhan file court papers reportedly showing R6.8 billion worth of sketchy payments made by the Guptas over the last few years, and on Monday their CEO resigns due to health issues. Hernia, high blood pressure, or next level stress brought on by Gordhan’s big reveal?

Whatever it may be, Howa is getting the hell out of Dodge and being replaced by Ronica Ragavan, currently Oakbay’s financial director.

BusinessTech reports that Howa is also making tracks from Oakbay Resources, leaving his position there as non-executive director.


Written by How South Africa

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