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Oakbay and the IDC -  Statement by Minister of Economic Development

Note to Editors:
The Minister of Economic Development, Ebrahim Patel, today tabled a written reply in
the National Assembly to a question on alleged share-price manipulation by persons
linked to the Gupta family in respect of Oakbay Resources and its impact on the
Industrial Development Corporation (IDC), that appeared on the Order Paper yesterday
for Oral Reply, but was not considered due to the expiry of the allotted time.


Latest News

Economic Development Department employees have pledged their commitment to the fight against corruption. Corruption in both the private and public sector has a detrimental effect on government's effort to deliver effective services to the people.  In signing the declaration, employees declare: 'I know, I act, I stop corruption - Fighting corruption is everyone's business.'

thumbnail My Anti-Fraud Corruption Pledge




PICC seeks specialists to fulfil infrastructure development targets




Profiles of people impacted by our industrial investment and infrastructure build programme

Profiles of people impacted by our industrial investment and infrastructure build programme 2016

Scam Alert
All Service Providers and Businesses

The Economic Development Department wishes to advise members of the public, particularly those in business, to be alert to a scam utilizing the logo of the Economic Development Department. The fraudsters involved send unsuspecting business operators a Request for Quotations for the provision of Solar Panels.

As the Economic Development Department, we wish to state that we do not have such a project, and therefore beware that the Request for Quotation is not from the Economic Development Department.

Please confirm any request you receive with our Supply Chain Management division on these details 012 394 3579. Report these fraudulent activities to the SAPS or call the Anti Corruption hotline 0800 701 701 or SMS to 39772 or send an email to fraud@economic.gov.za.

Broadway Sweets Factory vist | 9 June 2016
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