It’s been a rough few months for the Gupta family, their name becoming synonymous with that of our esteemed leader Jacob Zuma.
As the spotlight focuses in on the three Gupta brothers – Ajay, Atul and Rajesh – much anger has been directed their way, and it looks like this may end up costing them where it hurts the most. IOL reports:
Just two weeks after their company got Competition Tribunal authority to buy a former Glencore coal mine, the Gupta brothers are reportedly leaving South Africa.
This is according to African Confidential, which is reporting that [they] are in the process of moving to Dubai, in the United Arab Emirates.
African Confidential, citing sources in the ruling ANC, says the move is because many of the family’s businesses are under increased scrutiny, especially contracts with government or state-owned enterprises…
Finance Minister Pravin Gordhan has also become involved amid concerns that the family is too close to the government. Just days before February’s budget speech, Gordhan – according to the Sunday Times – pulled the plug on the Gupta-owned New Age newspaper’s post-budget breakfast briefing.
This is not to say that their businesses won’t continue to print money here in SA, their Sahara computer company turning over around R200 million per year. That’s not even touching on their involvement with Tegeta Exploration & Resources, who recently bought the Optimum mine for around R2,15 billion.
I don’t think there will be many South Africans sad to see them go, but let’s not be foolish enough to think they won’t still be receiving favourable treatment from those whose pockets they line.
[source:iol]
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