Gupta's Oakbay employees march to banks with demands
26 April 2016
Johannesburg - Employees of Gupta-owned Oakbay Investments have started their protest march to major banks on Tuesday to demand that the company's accounts be reopened.
Armed with placards with phrases such as "think about our families", "no salary, no survival" and "help #SaveOakbayJobs", a small group of protesters started the march ahead of the 11:00 starting time.
The protest began in Nugget Street, where they handed over a memorandum of demands at Absa Towers. From there the employees will proceed down Rahima Moosa and Simmonds streets to hand memorandums to FNB and Standard Bank, chief superintendent Wayne Minnaar said.The protest was expected to start at 11:00 and end at 13:00 and traffic would be diverted.
Oakbay's auditor KPMG, the top four banks, and Oakbay’s JSE sponsor Sasfin Capital cut ties with the Gupta family in March.