Oakbay Investments is the holding company for the Gupta family's businesses in South Africa. Oakbay Investments' portfolio companies operate in a variety of industries, including ICT, mining, engineering, media, real estate and leisure. The company was founded in 2006 and is led by media and business expert Nazeem Howa.
The family owns a number of companies in different industries ranging from energy to media publications. Their first venture into South Africa was the establishment of Sahara Computers and Sahara Systems (Pty) Ltd.
In mining, their interests include Oakbay Resources and Energy: Uranium and gold mining and processing company, the Shiva Uranium Mine, Tegeta Exploration and Resources, Westdawn Investments (Pty) Ltd t/a JIC Mining Services and Black Edge Exploration.
They have substantial media interests in South Africa through TNA Media (Pty) Ltd, including The New Age, a national newspaper, and ANN7 (African News Network), a 24-hour news channel.
Other interests include VR Laser Services steel fabrication for mining, engineering and armoured vehicle applications, Islandsite Investment 180, Confident Concepts, and have links to the passenger airline Jet Airways.