ON THE MONEY
STUART THEOBALD: State-capture architects will just make way for ‘new Guptas’ if status quo remains
‘The Guptas may be finding it difficult to extract cash from the political patronage machine’
Are the Guptas done? And if they are, what does it mean for the state capture project? The Gupta family was given a last-minute reprieve from having its only bank accounts shut by Bank of Baroda last week. On Monday, the family will find out whether the high court will give it more time as it considers an application by the family to require that Baroda continues serving it. However, it is only delaying the inevitable. The court has already noted that the family has a slim chance of success. Many of the Guptas’ closest associates are already out of luck. Trillian Capital Partners, for instance, has had its accounts shut at the big banks, with only Baroda willing to engage, for now. Duduzane Zuma, who found himself with plum directorships in several Gupta businesses, has had all his accounts shut.One can only assume that others implicated in the Guptas’ activities, such as Salim Essa, Mark Pamensky, Eric Wood, Brian Molefe and Anoj Singh, are having nervous conversations with their b...
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