The Asset Forfeiture Unit has seized properties, cars and aircraft linked to the politically connected Gupta family worth more than R250m, according to the National Prosecuting Authority. The assets included
Browsing: Sahara
Speculation is swirling that the Guptas’ biggest asset in the ICT sector, Sahara Computers, is either up for sale or could even soon be closed down. Several industry sources, who say they have knowledge of the situation
Gupta-owned Oakbay Investments on Thursday said it derived R233m from its total revenue of R2,6bn from government business. This is according to a statement released by the group detailing its revenue for the financial year ended
South Africa’s Gupta family, which has been accused of using its friendship with President Jacob Zuma for gain, plans to sell all its South African business interests by the end of the year. The family is in talks with
Gupta-owned Sahara Computers CEO Stephan Nel on Tuesday opened a case of intimidation after an anonymous person allegedly phoned to warn him against approaching finance minister Pravin Gordhan for assistance regarding Oakbay’s blacklisted
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