Oakbay sells mining unit for $225 million

Oakbay Investments said on Wednesday it would sell its mining unit Tegeta for $225 million, the second sale this week in the company’s portfolio of investments caught up in an influence-peddling scandal. Oakbay is owned by the Gupta family, business friends of President Jacob Zuma accused of using their links[…]

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BLF’s Andile Mngxitama linked to Guptas

Black First Land First leader Andile Mngxitama did not only meet with the Guptas, he also received an instruction to write an article about BizNews editor Alec Hogg on their behalf. This has been revealed in the #GuptaLeaks which shows that Mngxitama met with Gupta lieutenant Santosh Choubey in February[…]

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Software giant paid Gupta front R100m ‘kickbacks’

With €22-billion (about R330 billion) in revenue last year, German software multinational SAP should have all the expertise it needs to close major deals. Instead, the #GuptaLeaks and related information show, the world’s third largest software company is not above calling in help from the politically connected, risking contravention of[…]

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South Africans divided over ANC’s white capital decision

The African National Congress’ (ANC) decision to reject the use of the term ‘White Monopoly Capital’ has sparked widespread reaction, with even some in the ruling party unhappy over the renaming of the term. Discussing the decision, which was made at the National Policy Conference in Johannesburg, ANC policy guru Joel Netshitenzhe[…]

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Man accused of Zuma assassination plot to appear in court

The 23-year-old accused of plotting to assassinate President Jacob Zuma, members of the Gupta family and cabinet ministers, will appear in Johannesburg Magistrate’s Court on Thursday. Elvis Ramosebudi is charged with incitement to commit murder. The Hawks say they intercepted communication on assassination plans. Various prominent South Africans were listed[…]

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Bell Pottinger probed for stoking racial tension in SA

An international public relations association has launched an investigation into allegations that UK spin machine Bell Pottinger promoted racial hatred in South Africa. Bell Pottinger‚ whose services were allegedly procured by Duduzane Zuma in his capacity as a Gupta employee‚ is a member of two international public relations bodies with[…]

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Trillian blocked probe on Nene removal warning – report

Trillian Capital, the financial-services company linked to the Guptas, stonewalled an investigation into whether its management had advance warning about Nhlanhla Nene’s firing as finance minister in 2015, according to a report on the probe. Trillian Capital refused access to electronic devices used by CEO Eric Wood, which could help[…]

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Gigaba fights back

Finance Minister Malusi Gigaba’s camp is working on a detailed counter-campaign to clear perceptions that he is in the pockets of the Guptas. Gigaba’s consistent denial of involvement with the Guptas is proving difficult to sustain as evidence suggesting that he has deep ties with the family keeps piling up.[…]

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