Oakbay resources and energy
Court to order Bank of Baroda to keep operating in SA?
The Bank of Baroda told the High Court that it cannot be forced to continue to operate in the country for the sole benefit of a handful of companies.
Economic Development Minister Ebrahim Patel revealed on Thursday that the IDC had cancelled its loan agreement with the Gupta company.
Oakbay had until midnight to repay the IDC R293 million in outstanding capital and interest after the IDC cancelled its loan agreement with the Gupta company.
The IDC asserts that various misrepresentations and breaches of warranties were committed by the Oakbay Group.
It is becoming increasingly difficult for the Guptas to do business in South Africa as banks and auditors cut ties.
The board says it took the decision after a thorough assessment of its relationship of 18 months with the company.
The ruling on Thursday means the India-based bank can go ahead and close the companies’ accounts at the end of this month.
On Tuesday, Bell Pottinger was thrown out of a British industry body for running a campaign in support of South African President Jacob Zuma.
Banking giant HSBC cut ties with Bell Pottinger and the PR agency's second-biggest shareholder walked away on Tuesday after it was thrown out of an industry body.
House of Lords member Peter Hain wants clarity on whether what the PRCA found constitutes a contravention of the UK's trade policies.
Radio 702’s Xolani Gwala and political analyst Karima Brown discuss PRCA’s decision to expel Bell Pottinger from the organisation.
Following a complaint lodged by the DA, the PRCA ruled Bell Pottinger exploited racial tensions in SA through some of its campaigns for Oakbay.
The PRCA slapped Bell Pottinger with the harshest possible penalty for a campaign commissioned by the Gupta-owned Oakbay Capital.
The British PR agency has been found to have behaved unethically by the United Kingdom’s Public Relations And Communications Association.
The party says this means the association has agreed that the public relations (PR) firm did indeed violate its professional charter.
The PRCA board will announce its final decision on the 4th of September.
Swiss company records reveal that Charles King SA was created in 2011 in order to manufacture and distribute the fashion brand Charles King Paris.
Earlier this week, the controversial family announced that it had sold ANN7 and The New Age to former government spokesperson Mzwanele Manyi for R450 million.
The DA’s Phumzile van Damme says the Public Relations and Communications Association has been in contact with the party.