Oakbay Investments

Oakbay sells mining unit for $225 million

Oakbay Investments said on Wednesday it would sell its mining unit Tegeta for $225 million, the second sale this week in the company’s portfolio of investments caught up in an influence-peddling scandal. Oakbay is owned by the Gupta family, business friends of President Jacob Zuma accused of using their links[…]

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Gupta PR firm knew about bank probe before Zwane bomb

A public relations firm that represents the Gupta-owned Oakbay Investments knew about the recommendations for a judicial inquiry into South Africa’s banks at least seven weeks before it was controversially published by Mineral Resources Minister Mosebenzi Zwane, Fin24 can reveal. Zwane was severely rebuked by the ANC and the presidency[…]

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Guptas definitely not leaving SA, says Oakbay

Oakbay Investments, the holding company for the Gupta family’s businesses in South Africa, on Friday strongly denied all reports that the Gupta brothers are leaving South Africa and relocating to Dubai. In an emailed statement to Fin24, a spokesperson for Oakbay Investments said the company is pursuing legal action against[…]

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