It's one thing to focus on SA's long-term prospects. Be careful not to miss the forest for the trees. But what's to be done when the forest suddenly goes up in flames? asks Ron Derby.
High level clouds. Mild.
Gupta accused the practitioners of being on a "Gupta vilifying train",
The High Court in Pretoria has heard arguments in a case between Gupta-owned companies, with Oakbay seeking an order to remove Tegeta's business rescue practitioners.
A South African consortium called Project Halo has submitted the winning bid of R3.05bn for three major assets of a Gupta family-linked mining company.
A mining contractor owned by the Gupta family has been put into liquidation, which could see 800 people losing their jobs and the chief executive officer returning to India, according to people with knowledge of the matter.
MPs have heard that the Gupta family offered schools prizes of hula hoops, soccer balls and crayons for the best-designed wedding invitations, all done apparently without the permission of the education department.
Economic Development Minister Ebrahim Patel says, according to the IDC, litigation over its loan to Oakbay is ongoing and there is still debt outstanding.
Members of the Gupta family are expected to apply for leave to appeal a ruling handed down in the South Gauteng High Court in Johannesburg which ordered them to return a luxury aircraft that they were leasing.
The SA Revenue Service wrongly paid a R70m VAT refund to a third party after Gupta-owned Oakbay falsely said it had no bank accounts left in SA.
The Hawks have arrested three people following a raid at the Guptas' Saxonwold residence.
Second series of state capture preservation orders by the Asset Forfeiture Unit target farm given to the Guptas by Free State provincial government of Ace Magashule.
Sekunjalo will oppose a R1bn lawsuit Gupta-owned Oakbay Investments has lodged against chairperson Iqbal Survé and ex-PIC head Dan Matjila.
Business rescue practitioners responsible for Tegeta Exploration and Resources have applied to have Oakbay Investments liquidated.
Business rescue practitioners for Tegeta Resources and Exploration want Oakbay Investments liquidated to settle unpaid rent.
Former mineral resources minister Mosebenzi Zwane apparently threatened Standard Bank's banking licence.
Oakbay Investments owes Tegeta Resources and Energy just over R2m for the rental of its Sandton offices, says a business rescue practitioner applying to have the company liquidated.
The Bloemfontein Magistrate's Court has granted the State's request for a lengthy postponement in the Estina dairy farm case.
The high court in Johannesburg has dismissed an application by former directors of several Gupta-owned companies for the removal of the very same business rescue practitioners they appointed in February this year.
One of the eight people arrested by the Hawks during raids at a number of Gupta compounds - including their Saxonwold home and reportedly at one of their offices in Sandton - has been granted bail in the Bloemfontein Regional Court.
The Gupta family’s Oakbay group of companies has disputed that the IDC lawyers have the authority to represent the financier in its R287.5m case against the group.
The Guptas used an international network of scrap metal dealers to launder hundreds of millions in kickbacks between China, India, UAE and SA. We introduce them.
Cape TownTumaini ConsultingR400 000.00 - R500 000.00 Per Year
Cape TownUmphakathi Recruitment (Pty) Ltd
Western CapeMJL SolutionsR20 000.00 - R25 000.00 Per Month
R 6 950 000
R 2 950 000
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R 1 750 000
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