Oakbay Investments CEO Nazeem Howa resigns
“In time, Oakbay will be recognised as the type of company SA needs: innovative, job-creating, tax paying and law-abiding,” said Howa
Oakbay Investments CEO Nazeem Howa has resigned, the company said on Monday. Howa stepped down due to health issues and medical advice, the Gupta-family controlled company said. Current financial director of Oakbay, Ronica Ragavan will be acting CEO while the company searches for Howa’s successor. “Nazeem has been an outstanding CEO for Oakbay and embodied the company’s philosophy of hard work, innovative thinking, job creation and disruption where disruption creates value,” Ragavan said. “It has been an honour and a privilege to lead such a talented group of coworkers. In time, Oakbay will be recognised as the type of company SA needs: innovative, job-creating, tax-paying and law-abiding. I look forward to that day,” said Howa. Oakbay wished Howa well. An explosive affidavit filed in High Court in Pretoria last week by Finance Minister Pravin Gordhan has shed light on billions of rand in suspicious transactions from Oakbay’s bank accounts. Earlier this year, the country’s four big ...
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