Oakbay had gone to the Supreme Court after it unsuccessfully went to the high court in Pretoria in 2019, where it argued that the BRPs were conflicted and biased. After argument heard on May 11, the Supreme Court agreed with the high court's assessment, and dismissed Oakbay's appeal.ebruary 2018, eight companies in the Oakbay Group were placed in voluntary business rescue after the four major SA banks decided to terminate their banking facilities.
“These appointments were said by Oakbay to give rise to a conflict of interest between their duties in relation to Tegeta and their duties, principally in relation to OCM, but generally to all three subsidiaries,” the judgment read.
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