Guptas

 

What is the ANC learning from the private sector

1 Comment

Within the past few days, former president Kgalema Motlanthe said it would be good if the ANC was voted out of office (good for the ANC, that is), the outspoken MP Makhosi Khoza resigned from Parliament and from the ANC, and the Bank of Baroda won a court case to allow it to stop being..
Continue reading…

Enjoyed this post? Share it!

 
 

Johan Rupert: “Radical economic transformation is just a code word for theft”

Leave a comment

South Africa’s richest man Johann Rupert said “radical economic transformation,” the policy championed by the country’s President Jacob Zuma to reduce racial inequality, is no more than theft. “Radical economic transformation is just a code word for theft,” Rupert said on the sidelines of Richemont’s annual general meeting in Geneva on Wednesday. “That’s what’s happening..
Continue reading…

Enjoyed this post? Share it!

 
 

Did Guptas sell mines they didn’t own? The Zuma and Guptas stories is just getting interesting day by day.

Leave a comment

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…

Enjoyed this post? Share it!

 
 

Guptas get bailed out of another SA business after Swiss Company is investing R2,97b

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…

Enjoyed this post? Share it!

 
 

Are the Guptas starting to feel the heat?

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…

Enjoyed this post? Share it!

 
 

Energy fund faces ruin if state mining company moves to Zwane’s department.

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…

Enjoyed this post? Share it!

 
 

SARS feeds Guptas and ANC

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…

Enjoyed this post? Share it!

 
 

How Government Plans To Force You To Invest In State Assets

Leave a comment

The South African government has quietly announced that it has set its sights on retirement funds and pensions as a way to add additional funds to bolster the country’s finances. The announcement made on the last day of the ANC’s policy conference last month, had not featured in the party’s earlier policy documents, and was..
Continue reading…

Enjoyed this post? Share it!

 
 

KPMG got fired from JSE-listed Sygnia over ‘Gupta links’ – M&G

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…

Enjoyed this post? Share it!

 
 

Corruption: How The ANC, supported by the World, shapes up against The NP with sanctions

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…

Enjoyed this post? Share it!