ARTICLES RELATING TO OAKBAY ENERGY

How IDC was forced to invest in Oakbay

2017-12-10 06:00

A last-minute, hand-written amendment to a contract forced the Industrial Development Corporation (IDC) to trade R256 million for now-worthless shares in the Gupta family’s Oakbay Resources and Energy at inflated prices in 2014.

DA urges IDC to give Guptas 'a wide berth'

2016-05-25 12:45

The Industrial Development Corporation should “follow the lead of the commercial banks and give the president’s pals a wide berth in future”, says the Democratic Alliance.

IDC met with Atul Gupta over Oakbay loan, but never at Saxonwold

2016-05-24 14:12

Industrial Development Corporation officials met with Atul Gupta and members of his business ahead of providing financial assistance to Oakbay, it has been revealed.

 

Gupta-owned Oakbay set to make huge loss despite improvement

2016-06-09 15:17

The Guptas’ Oakbay Resources and Energy expects to make a loss of R16.913m in 2016, which it says is a 56% improvement from 2015’s loss of R38.94m.

DA slates IDC response on Oakbay loan restructure

2016-05-24 15:41

The Industrial Development Corporation has “jumped from the frying pan into the fire with a questionable restructuring deal” with Gupta-owned Oakbay, the DA has explained.

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