Top news items in major S. African media outlets

The following are news items in South African major news outlets on Saturday:

--The lawyer for Gupta-linked Oakbay Investments has denied that 72 of the company's transactions, which were flagged by the Financial Intelligence Centre (FIC), are suspicious.

Oakbay Investments filed court papers in the North Gauteng High Court on Friday in response to a bid by Finance Minister Pravin Gordhan launched in October last year. (Fin24)

-- Four men were on Friday convicted in the Khayelitsha Magistrate's Court on charges of racketeering, money laundering, fraud and contravening the Marine Living Resources Act, for smuggling abalone overseas through a licenced fresh produce export business. (News24)

-- The labour department has cancelled the registration of a labour union linked to President Jacob Zuma and covert agents of the State Security Agency (SSA).

According to a notice published in the Government Gazette on Friday, Malixole Ntelki, the department's acting registrar of labour relations, has cancelled the registration of the Workers Association Union. (City Press) Endit