Browsing: Oakbay Investments

New allegations by President Jacob Zuma’s supporters that South Africa’s biggest banks are frustrating efforts to address racial inequality signal an escalation of a battle for control of the nation’s financial system, including the treasury. Protestors from the

The minister of finance’s replying affidavit filed in court on Monday appears to comprehensively argue every point raised by the Oakbay group of companies and forcefully refutes the assertion that Pravin Gordhan

The Gupta family, through its business Oakbay Investments, has blasted finance minister Pravin Gordhan for his court application seeking a declaratory order that he cannot intervene in a decision by South Africa’s big

President Jacob Zuma will face a tough grilling during his last question-and-answer session for the year in the national assembly. Zuma will answer questions in parliament on Wednesday, his first appearance since he blasted the

Former public protector Thuli Madonsela’s long-awaited state capture report includes damning details on the relationship between Eskom CEO Brian Molefe and the controversial Gupta family. Molefe and Ajay Gupta, the eldest of three Gupta brothers, made

FirstRand said it agrees with finance minister Pravin Gordhan that he cannot interfere with their decision to cut ties with the Gupta family. Gordhan last week asked the high court to order that he has no authority to

Oakbay Investments, which is controlled by President Jacob Zuma’s friends the Gupta family, has demanded finance minister Pravin Gordhan withdraw a court application implicating the company in “suspicious transactions”, a

Oakbay Investments and Gupta family patriarch Ajay Gupta have expressed “delight” with the affidavit filed by finance minister Pravin Gordhan and said the court case will provide an opportunity for the family to clear its name. In a statement issued by Gupta family

A report on the Gupta family will be ready before outgoing public protector Thuli Madonsela finishes her term, she said on Wednesday. Speaking at the Rhema Bible Church’s Truth Be Told conference, Madonsela told journalists

Gupta-owned Oakbay Investments on Thursday said it derived R233m from its total revenue of R2,6bn from government business. This is according to a statement released by the group detailing its revenue for the financial year ended