Zuma addresses Guptas, Oakbay Investments in National Assembly
President Jacob Zuma had to explain government's position in a matter involving the controversial Gupta family again.
The question was posed to Zuma in Parliament yesterday, and was related to the four major banks closing accounts with Oakbay Investments - following allegations that the family used their friendship with the president to win political favours.
Zuma was asked if he felt the move to close the accounts was premature - as the company has not been found to have violated any banking regulations.
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He said to willingly close a number of banks does not look innocent.
"We have laws in this country. If let us say, any company violates the laws there are enforcement institutions that you would report to. Just to stand willy-nilly and close simultaneously a number of banks as well as other financial institutions - it does not look innocent," he said.
He also released the Interim Report of the Commission into the Feasibility of Fee-Free Higher Education and Training in South Africa.
The report was handed over to Zuma earlier this month.
Interim Report on Higher Education Fees by Sune du Toit on Scribd