Guptas’ SA sell-off a sign that Jacob Zuma’s power is waning, say analysts
THE decision by the Gupta family to sell its businesses in SA is the latest indication that President Jacob Zuma’s grip on power may be slipping.The Gupta family, which has holdings ranging from coal mining to media, made the surprise announcement on Saturday that it would exit all its interests in the country by the end of the year. Zuma, who has described the Guptas as friends while denying that the family wields political influence, is also facing a public backlash over a police investigation into Finance Minister Pravin Gordhan.READ THIS: Push against Pravin Gordhan is move on Treasury, says SACPThe Guptas’ move could be a signal that the family was positioning itself to take account of shifting power dynamics, Political Futures Consultancy director Daniel Silke said."They may feel that there is political change coming in SA," Silke said. "In the sense that they may not in future have the same access to benefits that they have had in the past."The Guptas have been in business w...
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