A South African business empire built up by members of the Gupta family is under pressure as they face a mounting backlash over allegations that they exploited their friendship with President Jacob Zuma to loot billions of rand
Browsing: Atul Gupta
A raft of e-mails leaked to South African media about how the Gupta family have won billions of rand of contracts from state-owned companies and influenced government decisions through their
Save South Africa says it is “shocking news” that Atul Gupta is in seventh position on the Sunday Times’ Rich List. “For one man to have acquired so much wealth, so fast, is in itself very disturbing,” Save South Africa
Eskom CEO Brian Molefe said the only thing he has been captured by is South Africa’s constitution. He was responding to parliamentarians on Wednesday, who were questioning Eskom’s relationship with Gupta-owned coal mining company Tegeta
There was fear and uncertainty among staff at Gupta-owned broadcaster ANN7 after they were told that they might not be getting their salaries. An employee at ANN7, who asked not named, said that staff were frightened and had been job hunting without any luck
So, the Gupta brothers have called South Africa quits. Although it is not really surprising, as virtually everyone but the president and his family have taken a hostile stance against the family, the swiftness of their departure has raised a few eyebrows
As the owners of Oakbay Investments, with an 80% shareholding in Oakbay Resources and Energy [JSE:ORL], the Guptas could still run their companies from Dubai, an investment risk analyst said on Sunday. “In a nutshell, yes they can – shareholders
First National Bank has closed the accounts of Gupta family-controlled Oakbay Investments, prompting Oakbay to demand an explanation from FNB CEO Jacques Celliers. FNB’s decision
If President Jacob Zuma didn’t already have enough on his plate after Thursday’s constitutional court judgment, he has announced he is splitting the department of telecommunications
South Africa’s political landscape is shifting almost by the hour. The gloves are off in a power struggle that pits President Jacob Zuma against a group of reformers, led by finance minister Pravin Gordhan. It is a high-stakes drama that has profound, long-term