Walls caving in: JSE warns Gupta-owned Oakbay that it could be suspended
The JSE is considering suspending Gupta-owned Oakbay Energy and Resources because it longer has an audit committee chairperson, sponsor or transfer secretary.
The JSE is considering suspending Gupta-owned Oakbay Energy and Resources because it longer has an audit committee chairperson, sponsor or transfer secretary.
An email between Nazeem Howa, former CEO of the Gupta-owned Oakbay, Tony Gupta and President Jacob Zuma’s son Duduzane shows how the family and their associates dictated to Mineral Resources Minister Mosebenzi Zwane what he should say to the media.
Donwald Pressly says it’s not a surprise to find out that Brian Molefe, who has jumped top job to top job received 58 calls from the Guptas in the last year or so.
The Gupta family demanded South African Finance Minister Pravin Gordhan withdraw a court application implicating Oakbay Investments in “suspicious transactions,” a day after welcoming the chance to prove its innocence.
Donwald Pressly says factionalism is the order of the day in the ANC and they can no longer hide it. He analyses the potential implosion of the ruling party, bit by bit.
The National Union of Mineworkers is adamant that the Gupta-owned Oakbay Investments won’t buy Ubank, in which it has a 50% stake.
Absa declined an invitation to meet mines minister Mosebenzi Zwane to discuss the closure of bank accounts related to companies controlled by the Gupta family.
Mutual and Federal joins several other companies in cutting links with Oakbay Investments, the company at the centre of a political influence scandal.
From Saxonwold to the UAE, the Guptas are making themselves comfortable in the equivalent of Beverly Hills, and they’re building a Hindu temple at a cost of R200m in India.
South Africa stepped in on Thursday to try to contain the damage from a stand-off between the country’s banks and Oakbay, a company owned by the Gupta family.