Johannesburg - Shares in Oakbay Resources & Energy tumbled nearly 10 percent on Monday, extending sharp losses to a second straight session after its chairman and chief executive resigned on Friday citing a “sustained political attack”.
Oakbay, which houses mining assets of the wealthy Gupta family, fell 9.96 percent to 21.61 rand by 09h56 GMT.
Read: Guptas 'are not hiding'
A number of South African companies, including First National Bank (FNB), Barclays Africa, KPMG and Sasfin have closed the accounts of Oakbay Investments, the holding company for the Gupta family's businesses, amid speculation of wielding improper political influence with President Jacob Zuma.
REUTERS