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oakbay resourceslatest news & developments
Emptying pockets: South African Revenuse Service acting commissioner Mark Kingon
CYRIL RAMAPHOSA

SARS working on restoring credibility and trust — Kingon

The reputation of Sars was tarnished under the leadership of suspended commissioner Tom Moyane following several allegations

  • Thulebona Mhlanga
3 min read
“Because a 50% or 60% [debt to GDP ratio] is not such a bad figure if the composition of expenditure is such that the bulk of it is an investment rather than in consumption,” says Nhlanhla Nene.
BANK OF BARODA

Bizarre battles in Gupta rescue

The companies and the IDC are strange partners in court cases against the business rescue team

  • Staff Reporter
8 min read
The Guptas’ banking woes started in 2017 when all four of the country’s major banks declined to do business with the controversial family’s companies.
BANK OF BARODA

Baroda unfair to Guptas – judge

The one-time friend of the controversial family wants nothing to do with their companies

  • Phillip De Wet
3 min read
The R1.5-billion in penalties is not the end of the story with the construction industry
GUPTA FAMILY

IDC moves to transparency by publishing a list of businesses it lends to

The move towards greater transparency follows criticism of its decision to fund the Gupta family’s Oakbay Resources

  • Staff Reporter
2 min read
DUDUZANE ZUMA

Guptas, Duduzane Zuma step down from Oakbay

The Gupta family and Duduzane Zuma released statements on Friday announcing that they had stepped down from all Oakbay companies.

  • Lynley Donnelly
3 min read
The Germanwings aircraft came down in an area that is very hard to reach.
ATUL GUPTA

Gupta firm rides a wild rollercoaster

Oakbay Resources, a company controlled by the Gupta family is having a crazy share price ride – but that has not dampened its fundraising ambitions.

  • Phillip De Wet
6 min read