Many questions remain about the Gupta family’s announcement on Wednesday that it was selling Tegeta Exploration, a company with coal mines that, according to Eskom, are critical for keeping the lights on in the country. But two questions stand out: Who is buying Tegeta, and who is selling it? Neighbours in the vicinity of the..
Continue reading…
Did Guptas sell mines they didn’t own? The Zuma and Guptas stories is just getting interesting day by day.
Posted on Leave a comment
Guptas get bailed out of another SA business after Swiss Company is investing R2,97b
Posted on Leave a comment
Oakbay flogging Tegeta for amazingly quick profit of nearly R800million. A United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family’s Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and Exploration will be sold by Oakbay Investments,..
Continue reading…
Are the Guptas starting to feel the heat?
Posted on Leave a comment
Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. The firm is at the centre of former Public Protector Thuli Madonsela’s State of Capture report, which found irregularities with its dealings with Eskom. Brian Molefe stepped down as a result of the report in..
Continue reading…
Energy fund faces ruin if state mining company moves to Zwane’s department.
Posted on Leave a comment
The Central Energy Fund (CEF) faces financial ruin when Energy Minister Mmamoloko Kubayi hands the state’s mining company, African Exploration Mining and Finance Corporation, to the department of mineral resources. This will take place in the few months left of this financial year. Sources in the department have told the Mail & Guardian it will..
Continue reading…
Gupta owned companies New Age and ANN7 sold to Mzwanele Manyi for R450m
Posted on Leave a comment
A company owned by Mzwanele Manyi has forked out R450-million to buy The New Age (TNA) Media and ANN7 from Gupta-owned firm Oakbay. Oakbay announced the sale of its newspaper and TV channel on Monday, saying the agreement with the company Lodidox would conclude over the “next few weeks”. “We are delighted to have reached..
Continue reading…
How Bell Pottinger REALLY Works: Ugly Hitler Video Shatters PR Myths
SARS feeds Guptas and ANC
Posted on Leave a comment
A Parliamentary Question from the FF Plus regarding complaints received from the taxpayer (SARS) since the tax ombudsman came into existence indicates that everything is not well in SARS and that this service can become less and less trusted in dispute with Taxpayers themselves. Adv. Anton Alberts, the FF Plus parliamentary spokesman for finance, asked..
Continue reading…
How Government Plans To Force You To Invest In State Assets
No confidence vote: A victory for Zuma, but a defeat for the ANC
Posted on Leave a comment
Jacob Zuma is a natural born political survivor. Yesterday the president overcame an eighth no confidence vote, despite the mountain of evidence of corrupt conduct that has emerged in recent months. But it may prove to be a Pyrrhic victory – for him and most certainly for his party, the African National Congress (ANC). “Hollow”..
Continue reading…
Zuma’s plan to “get rich quick” on SA’s new set-top boxes and digital migration: report
Posted on Leave a comment
Following a spate of emails tying the Gupta family and president Jacob Zuma to state capture, more allegations have emerged implicating the president and members of his family in a bid to use their access to the state to enrich themselves. This time, a senior ANC official has submitted a sworn affidavit to Parliament accusing..
Continue reading…
BLF the ‘ugly stepchild’ of the Guptas, state capture – Pityana
Posted on Leave a comment
South Africans should be worried about the Black First Land First movement, which is the “ugly stepchild” of the Guptas and state capture, businessman Sipho Pityana said on Thursday. “Driven purely by money, these voices abuse and disrespect our freedoms and democracy, and will literally do anything to get a few more rupees in their..
Continue reading…
Atul Gupta: ‘I’m Proudly South African’-and blames monopoly capital for what he calls the smearing of his family name
Posted on Leave a comment
Atul Gupta says he’s a proud South African and never wants to leave the country and blames monopoly capital for what he calls the smearing of his family name. In the latest recording from an interview with the BBC’s Radio Four, Gupta defends the family’s businesses, refuting allegations of state capture. He also denies ever..
Continue reading…
The PA of Lynne Brown were asked to resign over Gupta email leaks.
Posted on Leave a comment
Minister of Public Enterprises Lynne Brown has asked her personal assistant, Kim Davids, to step down following allegations related to the email leaks this week. On Wednesday, amaBhungane reported that three people close to Brown, including Davids, have links to the Gupta family. According to the story, this suggests that the Guptas engineered several channels..
Continue reading…
KPMG got fired from JSE-listed Sygnia over ‘Gupta links’ – M&G
Posted on Leave a comment
JSE-listed asset manager Sygnia has fired KPMG over its alleged role in state capture – the first private sector pressure that has been brought to bear on global firms accused of having questionable business relations with the Gupta family. A series of leaked emails, called the Gupta Leaks, have exposed KPMG for its role as..
Continue reading…
Corruption: How The ANC, supported by the World, shapes up against The NP with sanctions
Posted on Leave a comment
Whilst it is hardly a fair comparison, given that ANC had the whole world, the mass media and all its money behind them, and NP had all the world and its money and mass media against them, Ed Herbst, using his 49 years of covering the South African story, makes some telling comparisons and observations on..
Continue reading…