Today's Big Stories

Guptas can run business empire from anywhere in the world - investor expert

After months of political tension, two of the Gupta brothers have reportedly left South Africa and resigned from their Oakbay Investment Company.

The close ties between President Jacob Zuma and the Gupta family have raised suspicions and allegations of state capture.

It is reported that Atul and Ajay Gupta left on a private jet to Dubai on Thursday last week.

Investor risk analyst Daryl Ducasse says the Gupta family have significant enough power to control Oakbay Investments from anywhere in the world.

Ducasse says that because the company is listed on the JSE, it is much easier for the Guptas to liquidate or dispose of their shares - though highly unlikely.

One would need an excess of 50% of the shareholders to vote to pass a resolution. It appears that Oakbay Investments controls about 80%of Oakbay Resources and therefore they have significant control to control it from anywhere in the world.

Daryl Ducasse, Investor risk analyst at Merkurius Capital Solutions

According to Ducasse, despite the market perception, the investment holding company stands to gain a great deal of value from future acquisitions.

Listen to the full conversation from The Midday Report:

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Guptas flee from SA amid state capture heat to protect Pres. Zuma - Haffajee

Guptas flee from SA amid state capture heat to protect Pres. Zuma - Haffajee

It is reported that the controversial Gupta family, accused of capturing the state, have fled the country to Dubai.

Guptas flee to Dubai amid intensifying talks of their hand in state capture

Guptas flee to Dubai amid intensifying talks of their hand in state capture

The Guptas have travelled to Dubai amid ongoing rumours of their role in capturing the state through their close links to Zuma.

'Put up or shut up': Gupta-owned Oakbay denies state capture claims

'Put up or shut up': Gupta-owned Oakbay denies state capture claims

Oakbay's Nazeem Howa tells Stephen Grootes why allegations of state capture are false, and challenges anyone to bring evidence.

ANC to meet Gupta-owned media organisations

ANC to meet Gupta-owned media organisations

The ANC will meet with Gupta-owned media companies, The New Age and ANN7, while the SACP claims the Guptas are dividing the party.

'Guptas must leave SA', reiterates Malema at #EFFMarch

'Guptas must leave SA', reiterates Malema at #EFFMarch

The march comes amid the Constitutional Court case on the Nkandla spending debacle and allegations of corruption involving the Guptas.

Guptas are the 'elephant in the room' - Solly Mapaila

Guptas are the 'elephant in the room' - Solly Mapaila

Xolani Gwala speaks to SACP's Solly Mapaila and Oakbay Investments' Nazeem Howa about the Gupta and Zuma relationship.

Popular articles
NSRI has freed False Bay whale entangled in ropes

NSRI has freed False Bay whale entangled in ropes

NSRI has manged to free a southern right whale entangled in ropes in Fish Hoek, False Bay.

Local desalination company says no to small-scale tender

Local desalination company says no to small-scale tender

Tom Callaghan at Grahamtek says desalination tender is not viable for business but will bid for the large-scale land based plant.

Snakes on a plein: Drought to push snakes closer to properties

Snakes on a plein: Drought to push snakes closer to properties

Snake catcher Shaun McCleod says about 99% of snakes in the WC are just looking for food.

Vodacom to reimburse customers by end of the morning

Vodacom to reimburse customers by end of the morning

Spokesperson Byron Kennedy says the problem was a configuration change on their billing system.

5 reasons why South Africa granted Grace Mugabe diplomatic immunity

5 reasons why South Africa granted Grace Mugabe diplomatic immunity

 Simon Allison, Africa Editor at the Mail & Guardian explains the political considerations behind Mugabe's diplomatic immunity.

"ANN7 and  New Age sale is effectively a transaction between  Manyi and Guptas"

"ANN7 and New Age sale is effectively a transaction between Manyi and Guptas"

Phillip de Wet, Associate Editor at Mail & Guardian breaks down the sale of Gupta owned ANN7 TV Station and The New Age paper.

This is incredibly embarrassing for both countries - SAIIA Head of Governance

This is incredibly embarrassing for both countries - SAIIA Head of Governance

On Saturday international relations minister Maite Nkoane-Mashabane granted diplomatic immunity to Grace Mugabe.

Meet Bonang Mohale, BLSA's outspoken (‘don’t blame colonialism’) Chairperson

Meet Bonang Mohale, BLSA's outspoken (‘don’t blame colonialism’) Chairperson

The Money Show’s Bruce Whitfield interviews Business Leadership South Africa’s Mohale for his weekly “ShapeShifter” feature.