Bloomberg Oakbay Investments, the company controlled by the Gupta family that’s having its last bank accounts closed, agreed to sell its South African media interests to management and an ally of the friends of President Jacob Zuma. Oakbay will get $23 million for Infinity Media, which operates news channel ANN7, and 150 million rand for its two-thirds stake in the ...

Bloomberg Goldman Sachs Group Inc., seeking a rebound in its commodities business after a bout of losing trades dented earnings, has a plan built around hiring fresh stars and luring new clients. The bank will bring in a few high-profile commodities salesmen as well as some traders, an acknowledgment that the roughly 180-person unit’s performance has suffered in recent years ...

Dubai / Emirates Business A recent census of optician stores in the United Arab Emirates (UAE) has revealed that the power of shopping malls to attract consumer buying behaviour is growing, with a 22% rise in the number of shopping mall-based opticians since 2014. These locations now account for one third of all optician business in the Emirates. GfK, the ...