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
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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
South Africa’s most-used social network, Facebook, will this weekend remind South African users to register to vote – the last chance they’ll have to do so before the local government elections on 3 August. It’s the first-ever voter registration campaign that
Fibre optics allow for the communication of data at the speed of light. But the amount of data that can be sent along any optic fibre is limited by how much information you can encode into the light wave travelling through it. Currently, optic-fibre technology uses
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
Internet ride-sharing service Uber says reports about 200 of its partner drivers striking in Cape Town are exaggerated. Reports emerged on Wednesday night saying that about 200 Uber drivers stopped working and marched toward the company’s Greenpoint office