In what is an obvious marketing ploy the words of Oakbay are spelled out with a bunch of positive adjectives.<\/p>\n
O<\/strong> utperform\/optimistic Not done playing with the letters of the alphabet, the company also links itself to the three “I”s, these being innovation, integrity and impact.<\/p>\n “Innovation in thoughts and in action is what we aim and strive for. Integrity, runs like a DNA and forms the core of all companies within the group. Impact, it is highly important to always keep in mind the socio-economic impact our businesses have on the society at large.”<\/p>\n Aside from the catchy stock phrases and rainbow-coloured descriptions the presentation provides an interesting look at how well some of the Gupta-owned businesses were doing.<\/p>\n Under the mining and allied services section, it makes it clear that Oakbay has investments in the mining of various minerals like coal, gold, platinum, chrome and uranium.<\/p>\n “The total revenue is R2.5bn with approximately 6 000 staff working on various projects at any given time. It generates profits of approximately R600m per annum,” the presentation said.<\/p>\n Under Sahara Computers, it states there was a total revenue of R1.8bn and net assets worth R300m. Unfortunately, no in-depth figures are given for the media arm of the company, although TNA, the holding company of The New Age<\/em>, was said to be profitable after only three years in operation and ANN7 had “reached break-even in five months.<\/p>\n “This division boasts of revenue of about R300m employing more than 600 people across the country.”<\/p>\n Oakbay also lists a property portfolio in the presentation with a total worth estimated at R1bn and revenues generated of about R100m. Among this is the Clifftop (Lodge) in Cape Town situated on 300 000ha of a conservation reserve.<\/p>\n The IT section including Sahara Computers is named as having R1.8bn in revenues. There is a quote by Uranium Energy Corporation CEO Amir Adnani: “There are strong reasons to believe that the bottom of the cycle has been reached and the future could well see significantly higher uranium prices. A once in a generation opportunity may be in development here.”<\/p>\n And for anyone trying to guess where the company is heading next in terms of future growth the next slide on the outlook of the uranium industry says it all: The nuclear build programme.<\/p>\n The irony of a Gupta-company’s presentation describing its integrity.<\/p>\n","protected":false},"author":2,"featured_media":25370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories"],"acf":[],"_links":{"self":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/4838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/comments?post=4838"}],"version-history":[{"count":1,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/4838\/revisions"}],"predecessor-version":[{"id":30631,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/posts\/4838\/revisions\/30631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media\/25370"}],"wp:attachment":[{"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/media?parent=4838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/categories?post=4838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/further.co.za\/amabwp\/wp-json\/wp\/v2\/tags?post=4838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nA<\/strong> spire
\nK <\/strong>nowledge
\nB <\/strong>rilliant\/Betterment
\nA <\/strong>ttitude
\nY <\/strong>outhful approach<\/p>\n
\nShiva Uranium is clearly an important stake in the company empire and the presentation states that is has a market capitalisation of R25bn.<\/p>\n![](\"http:\/\/cdn.mg.co.za\/content\/documents\/2017\/06\/06\/gutpaleakslogos1.jpg\")
<\/p>\n![](\"https:\/\/amabhungane.org\/wp-content\/uploads\/2018\/03\/250x106.jpg\")
<\/a>
\nThe amaBhungane Centre for Investigative Journalism produced this story. Like it? Be an amaB supporter<\/a> and help us do more. Know more? Send us <\/em>a tip-off.<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"