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Banks: We respect constitutional right of Oakbay protesters

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Cape Town – Standard Bank said on Tuesday that it respects Oakbay employees’ constitutional right to protest the move by banks to blacklist the Gupta-owned company.

Standard Bank representative Joshua Zwane told about 200 protesters in Johannesburg that the bank acknowledges and appreciates their concerns and will respond to the memorandum that requests banks re-open their bank accounts.

“You are exercising your constitutional right, which we respect as a Standard Bank group,” he said. “We receive your memorandum and give you our commitment that we will come back to you and respond to the matters that you have raised.”

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