Millions of rand allegedly laundered by a Gupta associate‚ Eric Wood‚ were used to sponsor the awards that named presidential hopeful Nkosazana Dlamini-Zuma the South African of the Year two years ago. The South African of the Year Awards are run by the Gupta family-owned The New Age Company. The money-laundering allegations were made by Wood's former business partner‚ Litha Nyhonyha‚ in an affidavit.

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.