Oakbay Investments hit back at financial institutions that have cut ties with the company over its alleged links to the Gupta family and President Jacob Zuma on Friday. Oakbay Investments CEO Nazeem Howa told CNN that banks Barclays Africa
Author: Agency Staff
It has been a turbulent time for the ANC as its leadership wrestles in the face of mounting pressure for President Jacob Zuma to step down or for the party to take action. The calls for Zuma to resign have increased since the constitutional court’s judgment regarding
The Guptas and President Jacob Zuma’s son, Duduzane Zuma, on Friday announced their resignation from Oakbay Investments and Oakbay Resources and Energy. This family, which owns Oakbay, includes Atul, Ajay, Chetali, Rajesh “Tony”, Arti and Varun
Gupta-owned company Oakbay Investments made contact with President Jacob Zuma and cabinet ministers to express its “deep disappointment” at banks closing its accounts, it was revealed in a leaked letter to staff on
Internet ride-sharing app Uber says a “small number” of its Cape Town drivers have decided to stop partnering with the service amid price decreases of up to 20%. Uber this week announced it will drop prices from 7 April in Johannesburg
National treasury was praised for managing to attract interest in its new US$1,25bn 10-year bond issuance on the international capital market on Friday. South Africa issued its first international bond in two years on Thursday to fund its budget
President Jacob Zuma was booed on Thursday evening in Pretoria when he was leaving the council chambers where the National House of Traditional Leaders held a debate. A large crowd had gathered at the Sammy Marks Square to get a glimpse
An Uber driver was hijacked outside Cape Town International Airport on Thursday night, the company confirmed. “We have been in touch with the rider and driver-partner to offer our support and we are relieved to hear both of them are okay,” an Uber
Home affairs minister Malusi Gigaba and President Jacob Zuma launched the department of home affairs’ electronic channel (e-Channel) project on Thursday. Gigaba said the department collaborated with four major banks to
Internet ride-sharing app Uber says it could theoretically reduce Johannesburg traffic by almost a million cars if it introduces its car pooling option in South Africa. Uber launched in South Africa in 2013, and the service is available in