Sipho Pityana says full disclosure needed on Guptas’ acquisition of wealth
South Africa needs full transparency on the Guptas’ net worth and how they acquired it‚ the convenor of the Save South Africa campaign and renowned businessman Sipho Pityana said on Sunday. He was responding to the lead article in the Sunday Times which said that Atul Gupta‚ a close friend of President Jacob Zuma was now the seventh-richest South African and the country’s richest black businessman‚ with his personal wealth estimated at R10 billion. "The information in the Sunday Times ‘Rich List’ about the wealth accumulated by Atul Gupta is shocking news. For one man to have acquired so much wealth‚ so fast‚ is in itself very disturbing. But when it is Atul Gupta‚ a man whose every business activity is being questioned because of corruption‚ money-laundering and his penchant for peddling posts in public office‚ we really have to say: there is something fundamentally wrong here‚ and it needs a full and proper investigation‚" Pityana said. What was equally disturbing was that the Sun...
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