Browsing: Oakbay

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

Nazeem Howa stepped down as CEO of Oakbay Investments, a Johannesburg-based holding company owned by the Gupta family, on Monday citing health reasons. The announcement came four days after finance minister Pravin

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

A judicial commission of inquiry into banks is the best way to shed light on the reasoning behind their decision to close off accounts with Oakbay Investments, said CEO Nazeem Howa. In a teleconference with the media, Howa expressed

South Africa’s cabinet has asked President Jacob Zuma to set up a judicial review to consider creating a state bank as well as the mandates of both the Banking Tribunal and Banking Ombudsman after the nation’s four biggest lenders said they would stop doing business with

Gupta-owned Oakbay Resources and Energy has averted being booted off the JSE by securing a new sponsor with effect from Thursday. This comes after the Guptas announced last Friday that they would sell all their shares in their South African businesses by the end