3 May 2016
Oakbay Investments Requests Major South African Banks to Save 7500 Jobs, 3 May, 2016
Johannesburg, South Africa – Tuesday 3 May 2016: Oakbay advertising campaign requesting ABSA, FNB, Standard Bank and Nedbank to save 7,500 Oakbay jobs by restoring banking services to the business.
Notes to Editors:
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About Oakbay Investments and the Gupta family
Oakbay Investments (oakbayinvestments.co.za) has invested more than R10 billion in South Africa. Oakbay Investments is 100% transparent - all numbers have been verified by one of the world’s most respected accountancy firms.
The Gupta family has a 23-year history of strong business performance and turnaround skills. This strong performance has come almost entirely via successful activity in the private sector, with less than 1% of the Group’s revenue coming from government contracts.
Sector diversification has also enabled Oakbay companies to deliver consistent growth and job creation throughout times of both economic boom and bust. For example, 47,000 jobs have been lost in South Africa’s mining sector between 2012 and 2015. In contrast, Oakbay’s mining companies have created 3500 of jobs in the sector.