Browsing: Oakbay

MultiChoice faces backlash over ANN7 payments

MultiChoice has denied it signed a revision to an agreement with formerly Gupta-owned 24-hour news channel ANN7, in terms of which it would pay the channel R150m/year. But the news that it has been paying the channel at

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

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

How the Gupta empire is falling apart

A South African business empire built up by members of the Gupta family is under pressure as they face a mounting backlash over allegations that they exploited their friendship with President Jacob Zuma to loot billions of rand

Banks bashed in battle over Guptas

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

Gordhan takes Guptas to task

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

Guptas blast Gordhan over legal bid

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

FirstRand backs Gordhan on Guptas

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

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