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Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Gupta-owned Shiva Uranium's business rescue practitioners throw in towel

By: News24Wire      31st May 2018 The business rescue practitioners (BRPs) appointed to save Gupta-owned company Shiva Uranium have resigned with immediate effect after their relationship with the state-owned Industrial Development Corporation (IDC) - the company's largest creditor – turned sour. Louis Klopper and Robert Knoop... 

Retrenched Gupta mine employees fail to receive pay

By: Martin Creamer     22nd December 2017 Forty-four people retrenched from the Shiva Uranium Mine in North West belonging to the Gupta company Oakbay have failed to receive expected December pay that formed part of an agreed retrenchment package, Democratic Alliance (DA) councillor Maritha Coetzee told Mining Weekly Online on Friday.... 

Gold revenue funding uranium resource development at Shiva mine 

By: Ilan Solomons     11th September 2015 Gold production and other revenue streams, such as contract mining, are intended as a source of funding for current uranium resource development and as a cost underpin for future uranium production at JSE-listed investment holding company Oakbay Resources & Energy’s Shiva Uranium mine, in... 

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