Guptas get bailed out of another SA business after Swiss Company is investing R2,97b

Oakbay flogging Tegeta for amazingly quick profit of nearly R800million. A United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family’s Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and Exploration will be sold by Oakbay Investments, […]
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Gupta owned companies New Age and ANN7 sold to Mzwanele Manyi for R450m

A company owned by Mzwanele Manyi has forked out R450-million to buy The New Age (TNA) Media and ANN7 from Gupta-owned firm Oakbay. Oakbay announced the sale of its newspaper and TV channel on Monday, saying the agreement with the company Lodidox would conclude over the “next few weeks”. “We are delighted to have reached […]
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