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
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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
As the owners of Oakbay Investments, with an 80% shareholding in Oakbay Resources and Energy [JSE:ORL], the Guptas could still run their companies from Dubai, an investment risk analyst said on Sunday. “In a nutshell, yes they can – shareholders
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
Finance minister Pravin Gordhan has previously slapped down plans by the SABC for a 24-hour news channel, saying “this is not the time for vanity projects”, but that has not stopped the public broadcaster steaming ahead to the launch of its satellite project on 1 August
Two broadcasters, both perceived to be sympathetic to president Jacob Zuma and his government, are set to launch 24-hour news satellite channels on the same continent-wide MultiChoice DStv platform. Broadcasting sources confirmed to the Mail & Guardian this week that the SABC is back in discussions