Royal Bafokeng Platinum will terminate a contract with a company linked to the politically connected Gupta family, according to two people familiar with the decision. The Johannesburg-based miner would not renew a contract with Aforika Borwa Mining Solutions (ABMS) that expires at the end of the year, said the people, who asked not to be identified because the information is not public. ABMS is linked to the Guptas’ holding company, Oakbay Investments. The company was notified of the decision earlier this month, one of the people said. The termination of the contract is related to efforts by Bank of Baroda, the Guptas’ last remaining bank in SA, to close the family’s accounts, said the other person. The Gupta family, who are friends of President Jacob Zuma and have been in business with one of his sons, have been accused by politicians and civil society groups of using that relationship to influence state contracts and cabinet appointments. Zuma and the Guptas have denied wrongdoing...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.