Oakbay sells mining unit for $225 million
Oakbay Investments said on Wednesday it would sell its mining unit Tegeta for $225 million, the second sale this week in the company's portfolio of investments caught up in an influence-peddling scandal. Oakbay is owned by the Gupta family, business friends of President Jacob Zuma accused of using their links with the 75-year old leader to wield undue influence and win lucrative state contracts. Both Zuma and the family deny […]