Fin24 2.png

 

 

Radebe opens Oakbay can of worms

 

 

Liesl Peyper, Fin24, Cape Town, 21 April 2016

 

Jeff Radebe, Minister for Planning, Monitoring and Evaluation, opened a can
of worms on Thursday when he said three cabinet ministers held meetings with
South Africa's four big banks to get reasons why they decided to close the
bank account of Oakbay investments

 

Mines Minister Mosebenzi Zwane, Labour Minister Mildred Oliphant and Finance
Minister Pravin Gordhan met with the banks to find out why they don't want
to have a certain company as their client, Radebe said.

 

He said Cabinet is concerned that this move could deter future investors who
want to open South African bank accounts.

 

 

From:
http://www.fin24.com/Economy/breaking-radebe-opens-oakbay-can-of-worms-20160
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