There has been no announcement from the company of any major transaction or development that would explain why it would suddenly have close to R1-billion move through its accounts.— Stuart Theobald, Intellidex
We see shadows against the wall and we’re trying to work out what causes those shadows.— Stuart Theobald, Intellidex
Oakbay has cash flows in the tens of millions per year. Then suddenly there are transactions of over a billion rand in two months.— Stuart Theobald, Intellidex
The Gupta family’s Oakbay Resources is under investigation for five transactions totalling just under R1 billion after being highlighted as suspicious by banks.
The R1 billion forms part of the R6.8 billion in Gupta transactions referred to the Financial Intelligence Centre.
The notice by the banks was in terms of the Financial Intelligence Centre Act which is used to combat tax fraud and money laundering.
The Money Show’s Bruce Whitfield interviewed Intellidex Chairperson Stuart Theobald.
Listen to the audio below in which Theobald shares his take on all this.
The former JSE CEO took out an ad in Business Day with 15 other business leaders to defend Minister Pravin Gordhan.
“It will be a train smash… unless the malicious prosecution is halted,” says Hirsch.
Did someone take a big position against the rand before the NPA announced its charges against Finance Minister Pravin Gordhan?
The Money Show’s Bruce Whitfield interviews Financial Mail Deputy Editor Sikonathi Mantshantsha.
"Issue the report at your own risk…” - Ajay Gupta threatens Pulic Protector Thuli Madonsela through his lawyers.
The Money Show’s Bruce Whitfield interviews Investment Solutions Chief Economist Lesiba Mothata.
Grace is still in South Africa and her husband, Zimbabwean President Robert Mugabe, is due to land in the country this afternoon.
Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.
Political analyst David Monyae says this puts everyone including President Jacob Zuma and Robert Mugabe in an awkward situation.
The system allows neighbourhood watches to relay incidents, post warnings or request emergency assistance.
Mail & Guardian Africa editor, Simon Allison says the recent incident of violence by Grace Mugabe is certainly not the first.
The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.
Gabriella Engels says she is saddened by people who are calling her names on Twitter before they understand the full story.
The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).