Cabinet was concerned that the decision by the country’s big four banks to cut ties with the Gupta-owned Oakbay Investments would deter investors, planning minister Jeff Radebe said on Friday. “While cabinet appreciates the terms and conditions of
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Employees of Gupta-owned Oakbay Investments marched to major banks on Tuesday to demand that the company’s accounts be reopened. Armed with placards with phrases such as
Cabinet has welcomed the official launch of the eChannel pilot project of the department of home affairs, which makes ID applications simpler through technology. The project was launched by President Jacob Zuma earlier this month. The new
About 7 500 employees at Oakbay Investments will lose their jobs at the end of May if the Gupta-owned company’s bank accounts remain closed, staff at the company wrote in an open letter
First National Bank activated 4G/LTE on its mobile network on Monday without much fanfare. The move comes after the bank launched its own mobile network, FNB Connect, in June last year. FNB Connect is a mobile virtual network operator that makes use of
The Guptas and Duduzane Zuma resigned from Oakbay Investments and Oakbay Resources and Energy on Friday to facilitate the sale of the Optimum coal mine from Glencore to Oakbay, the Democratic Alliance claimed. Their resignation “is an insult
So, the Gupta brothers have called South Africa quits. Although it is not really surprising, as virtually everyone but the president and his family have taken a hostile stance against the family, the swiftness of their departure has raised a few eyebrows
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
First National Bank has closed the accounts of Gupta family-controlled Oakbay Investments, prompting Oakbay to demand an explanation from FNB CEO Jacques Celliers. FNB’s decision
FNB Life announced on Monday that consumers can now take up funeral plans through nearly 6 700 FNB ATMs and Slimline devices across the country. The insurance distributor and administrator’s CEO, Lee Bromfield, said in a statement that making