The IDC’s decision to go to court to get back the R293 million from Oakbay is a positive signal from government via Ebrahim Patel, although doubtful whether the funds will be retrieved. Earlier this year Melanie De Nysschen provided media commentary on the complex issues associated with ascertaining the true value of Oakbay shares upon delisting. In light of the IDC court application, she highlights those warning flags that should have been waved upfront at the time of IDC’s contemplation of the Oakbay loan.
Melanie, interviewed on Winslyn talks about the events around this matter.
WATCH HERE on Winslyn Kyknet
READ HERE in City Press
READ HERE in Mail & Guardian