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Govt to intervene as Oakbay attempts to restore bank accounts

Minister in the Presidency for Planning, Monitoring and Evaluation Jeff Radebe has insisted that, despite the appointment of three Ministers to engage the banks that cut ties with private Gupta-linked Oakbay Investments amid allegations of State capture, government was not interfering in matters concerning the private sector. Speaking at a post-Cabinet media briefing in Pretoria on Thursday, he assured that no precedent was being set by government’s involvement as it was a normal process to set up a task team “from time to time” to look into major issues, particularly when investment was at risk.