FROM THE WSJ: The long, winding and treacherous road to the Guptas' state capture
From Atul Gupta’s arrival in 1993, to the current fall of international companies associated with the Gupta name, the saga of SA’s state capture is a sobering read
Many South Africans believe the country’s real seat of power is a suburban, 13,000m² compound shielded by concrete walls and sometimes guarded by an armoured personnel carrier. The sprawling complex is the home and headquarters of the Gupta family, who moved to SA from India in the early 1990s as apartheid was ending, and built a business empire stretching from media to mining. Their riches and close ties to President Jacob Zuma have plunged the country into its gravest political crisis since the overthrow of white-minority rule. The Guptas are at the centre of a corruption scandal that has entangled international firms from KPMG to McKinsey to SAP, amplified calls for Zuma to resign and has become a battle line in the race to succeed him as leader of the ANC, the country’s ruling party since Nelson Mandela. Duduzane didn’t respond to requests for comment, and Duduzile couldn’t be reached. She is no longer a Gupta-company director. The Guptas landed in the consciousness of most Sout...
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