{"id":140371,"date":"2016-10-17T16:17:36","date_gmt":"2016-10-17T14:17:36","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=140371"},"modified":"2016-10-17T16:20:11","modified_gmt":"2016-10-17T14:20:11","slug":"oakbay-investments-ceo-resigns-for-health-reasons","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/140371\/oakbay-investments-ceo-resigns-for-health-reasons\/","title":{"rendered":"Oakbay Investments CEO resigns for &#8220;health reasons&#8221;"},"content":{"rendered":"<p>Gupta-owned Oakbay Investments CEO Nazeem Howa has resigned from the company with immediate effect, citing health reasons.<\/p>\n<p>The group made the announcement on Monday, following a court application by finance minister Pravin Gordhan, in which a number of suspicious payments by Gupta companies, including Oakbay Investments, were identified.<\/p>\n<p>According to the company, Howa made the decision to step down after a &#8220;period of illness&#8230;due to health issues and (on receiving) medical advice (to do so).&#8221;<\/p>\n<p>Ronica Ragavan, the group&#8217;s current financial director, will take over the role as acting CEO until a permanent executive can be found.<\/p>\n<p>Howa has also stepped down as a non-executive director at Oakbay Resources, the company announced.<\/p>\n<h3 class=\"my-4\">More on Oakbay<\/h3>\n<p><strong><a title=\"Permalink to Guptas\u2019 Oakbay Resources signs new coal export deal\" href=\"http:\/\/businesstech.co.za\/news\/general\/136123\/guptas-oakbay-resources-signs-new-coal-export-deal\/\" rel=\"bookmark\">Guptas\u2019 Oakbay Resources signs new coal export deal<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Oakbay claims Sahara CEO was intimidated after Gordhan ambush\" href=\"http:\/\/businesstech.co.za\/news\/business\/128461\/oakbay-claims-sahara-ceo-was-intimidated-after-gordhan-ambush\/\" rel=\"bookmark\">Oakbay claims Sahara CEO was intimidated after Gordhan ambush<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gupta-owned Oakbay Investments CEO Nazeem Howa has resigned from the company with immediate effect, citing health reasons.<\/p>\n","protected":false},"author":10,"featured_media":124089,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[25],"class_list":["post-140371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/140371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=140371"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/140371\/revisions"}],"predecessor-version":[{"id":140375,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/140371\/revisions\/140375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/124089"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=140371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=140371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=140371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}