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Feedback yet to be provided on Oakbay-banks intervention

Cabinet sent Pravin Gordhan, Mildred Oliphant and Mosebenzi Zwane to intervene on the matter.

FILE: Minister in the Presidency Jeff Radebe. Picture: GCIS.

CAPE TOWN - The trio of ministers tasked by Cabinet to talk to the country's big four banks about their decision to stop doing business with the Gupta family's Oakbay Investments have yet to report back.

Minister in the Presidency, Jeff Radebe, was asked about the intervention at Parliament earlier today when briefing journalists about yesterday's Cabinet meeting.

Cabinet decided at its meeting on 13 April to send in Finance Minister Pravin Gordhan, Labour Minister Mildred Oliphant and Mineral Resources Minister Mosebenzi Zwane.

Radebe was also asked whether Cabinet had ever been briefed about the possible arrest by the Hawks of Gordhan.

Six weeks and three Cabinet meetings later, the three ministers asked to intervene in the Gupta family's difficulties with the country's major banks have yet to provide any feedback, according to Minister Radebe

"The three ministers have not as yet reported to Cabinet."

He was also asked whether Cabinet had ever been briefed about the possible arrest by the Hawks of the finance minister in connection with a special investigative unit set up at Sars while he was still commissioner.

"We have never discussed the issue of the arrest or not arrest of anybody in Cabinet."

Also not discussed were allegations that Defence Minister Nosiviwe Mapisa-Nqakula smuggled into the country a young Burundian woman with false documents, on an Air Force jet.

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