Browsing: Oakbay Investments

News
Eskom is running perilously low on coal

More than half of South Africa’s core coal plants are running low on fuel, with at least four holding less than 10 days of supply, and the country’s power utility plans on trucking and railing emergency stocks as far as 400km.

Current affairs
Bell Pottinger found guilty of breaches

Bell Pottinger has been found guilty by the UK public relations industry body for breaching its code over work done for South Africa’s Gupta family that led to protests outside the company’s London offices, according to

News
Rumours swirl around Guptas’ Sahara Computers

Speculation is swirling that the Guptas’ biggest asset in the ICT sector, Sahara Computers, is either up for sale or could even soon be closed down. Several industry sources, who say they have knowledge of the situation

News
Manyi deal may rescue ANN7 from banking crisis

The sale of ANN7 and The New Age to a firm controlled by Mzwanele Manyi may allow the media assets to keep operating after the decision by banks to stop dealing with companies linked to the Guptas, a family who are

News
Manyi to buy Gupta media assets

Controversial Gupta-aligned businessman Mzwanele Manyi is buying the Gupta-owned ANN7 and The New Age for R450m, it was revealed on Monday. A Manyi-owned company called Lodidox is buying Infinity Media

News
Guptas said to find new bankers

The Gupta family, whose accounts are being closed down by the Bank of Baroda’s South African unit, have told the Indian lender that they’ve found another company willing to offer them banking services, according to

News
Guptas’ PR firm calls it quits

Bell Pottinger said it no longer represents a company controlled by South Africa’s Gupta family, who are friends with President Jacob Zuma, after social-media attacks against the UK-based public relations firm

News
Bank of Baroda ‘closing’ Gupta accounts

Bank of Baroda’s South African unit has started closing accounts of companies controlled by the Gupta family, according to three people familiar with the matter, potentially leaving the friends of President

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