Gupta holding company Oakbay's time on the JSE may be coming to an end

Oakbay Investments is the holding company for the Gupta family’s businesses in South Africa.

It is listed on the Johannesburg Stock Exchange.

What is the value of this listing?

Should we care about it?

The Money Show’s Bruce Whitfield interviewed Vestact MD Paul Theron.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There are no buyers or sellers of Oakbay shares.

Paul Theron, Vestact

Outside of a few family or friends I’m not sure who wants to buy the shares!

Paul Theron, Vestact

If I was involved [with Oakbay] I’d be running for the door.

Paul Theron, Vestact

Eskom’s finances are in tatters.

Paul Theron, Vestact

White monopoly capital doesn’t exist.

Paul Theron, Vestact

Oakbay is not going to attract any funding.

Paul Theron, Vestact

Investors don’t care what colour t-shirt you wear… all they’re interested in is if you offer them a return…

Paul Theron, Vestact

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Article brought to us by Old Mutual.


This article first appeared on 702 : Gupta holding company Oakbay's time on the JSE may be coming to an end


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