| BY KEDIBONE MOLAETSI
THE CEO for beleaguered Oakbay Investments Company, Nazeem Howa has jumped ship. Howa has rendered his resignation letter with immediate effect due to health issues. |
| The Gupta-owned company said after a period of illness, Howa has stepped down from his duties at Oakbay due to health issues and medical advice. |
| “After a period of illness, Howa has stepped down from his duties at Oakbay due to health issues and medical advice. Oakbay wishes to thank Howa for his outstanding contribution to the company since joining in 2010.”
The Oakbay Investment Financial Director, Ronica Ragavan will assume the role of acting Chief Executive Officer (CEO), whilst the company searches for a permanent successor. Ragavan said: “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. We wish him the very best in his recovery.”
“It has been an honour and a privilege to lead such a talented group of co-workers. In time, Oakbay will be recognised as the type of company South Africa needs. It is an innovative, job-creating, taxpaying and law-abiding organization and I look forward to that day,” he said.
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The Guardian 