Quo vadis, Guptas?
After selling their media concerns, and announcing the sale of Tegeta, could the Guptas be divesting from SA ahead of high-tailing it to Dubai?
The Gupta family could be disposing of their assets to enable them to skip the country as an attempt to avoid being grilled by Parliament for their alleged capture of state-owned companies. This was the fear expressed by MPs across the political divide during a meeting of the portfolio committee on public enterprises on Wednesday. The committee met to discuss the way forward with their inquiry into the alleged capture of publicly owned companies such as Eskom‚ Denel and Transnet by the controversial family‚ who are close friends of President Jacob Zuma. The MPs raised their fears in the wake of revelations that the Guptas have decided to sell their mining firm Tegeta Exploration and Resources to a Switzerland-based company for R2.9bn. Tegeta‚ a coal supplier to Eskom‚ has been at the centre of state-capture allegations following claims that Eskom had paid the company a R600m advance‚ which it used to buy another mining firm‚ Optimum Coal‚ in 2015. The sale of Tegeta came just two da...
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