Business rescue practitioner goes after a R402m loan owed by the Gupta-owned holding company 🔒
Tegeta Exploration and Resources has for the third time applied for the liquidation of the Gupta family’s Oakbay Investments, saying that it is owed R400m.
In the founding affidavit filed with the Johannesburg high court earlier this month, Tegeta Exploration and Resources, which has been in business rescue for almost two years, asked that Oakbay Investments be wound up as it is unable to pay its debts.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Myeni moves to quash ‘delinquent’ bid | IOL NewsDudu Myeni looks set to stall her trial yet again via a last-minute bid to quash the application lodged by Outa and SAAPA to declare her a delinquent director.
Read more »
DA communications manager Mabine Seabe quits to work on new ventureDA's Mabine Seabe says it i's a decision he made on his own
Read more »
DA to request investigation into Mkhize’s appointment of corruption-accused nieceSibusisiwe Ngubane Zulu was fingered in the mismanagement and misappropriation of billions of rands while she was working for the Public Investment Corporation.
Read more »
Markets extend steep losses as China virus death toll risesAsian markets tumbled again on Tuesday, extending a global sell-off as the toll from a rapidly spreading Chinese virus spiked to more than 100 dead.
Read more »