Gupta-linked firm to be liquidated over R60m debt, 800 jobs on the line - sources

2018-11-03 19:53

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.

Nene said to face pressure to quit over meetings with Guptas

2018-10-08 06:49

Factions within the ANC have been discussing potential replacements that they could suggest to President Cyril Ramaphosa, three senior party officials have said.

OVERVIEW: Absa, FNB testify they refused to meet govt ministers over Gupta account closures

2018-09-18 11:23

On the second day of hearings into how, when and why banks closed their Gupta-related accounts, FNB and Absa both said they refused to meet Cabinet ministers who wanted to discuss client relationships.

Guptas siphoned R100m-plus from China loan, evidence shows

2018-09-10 07:07

In July, President Cyril Ramaphosa announced that Eskom had secured a $2.5-billion loan from a Chinese state bank. The last time this bank lent money to one of our state-owned entities, the Guptas got rich.

The Trojan horse that wheeled R600m out of state-owned entities

2018-08-16 07:25

Records show how Regiments Capital passed more than half of its consulting fees from Transnet, SAA and Denel contracts to Gupta and Essa fronts.

Action expected against Transnet execs

2018-08-05 05:57

Suspensions are on the cards from as early as next week for senior Transnet executives named in three reports on state capture.

VR Laser to wind down as rescue fails

2018-07-08 08:22

The premises of VR Laser Services, one of eight Gupta family-owned companies under business rescue, have been gutted, according to the company’s recently departed financial manager Claire Tomsett.

What SAP really knew when it paid the Guptas a R100m commission

2018-06-25 06:10

Newly-leaked documents show the global software giant knew it was dealing with the Guptas more than a year before the #GuptaLeaks allegations emerged.

EXCLUSIVE: Gupta lieutenant Salim Essa in last gasp R70m bid to 'save' VR Laser

2018-06-14 09:16

The offer came minutes before creditors for the Boksburg-based engineering company were about to vote for liquidation.

Gupta-owned Shiva Uranium's business rescue practitioners throw in towel

2018-05-31 14:57

The business rescue practitioners appointed to save Gupta-owned company Shiva Uranium have resigned with immediate effect.

 

ANALYSIS: Who could replace Nene? Get to know Barbara Creecy and Mondli Gungubele

2018-10-08 10:19

With the likelihood of Finance Minister Nhlanhla Nene’s resignation growing by the hour, attention is now focused on who is likely to replace him should he quit.

Last gasp for Guptas' VR Laser

2018-09-23 10:58

A last-ditch attempt to stop the winding down of the Gupta family’s VR Laser was squashed in court this week, clearing the path for its business rescue practitioners to auction off the company’s machinery.

Banks to continue testifying at State Capture Inquiry

2018-09-18 08:49

The Commission of Inquiry into State Capture will continue hearing evidence from major South African banks about how and why they cut ties with Gupta-linked companies.

British govt agency probing former Bell Pottinger directors - Financial Times

2018-09-10 05:45

The UK's Insolvency Service has launched an investigation into the former directors of disgraced PR, according to the Financial Times.

#GuptaLeaks whistleblowers to deliver recorded message at Daily Maverick Gathering

2018-08-15 08:29

Since 2017 the identities of the person or persons who provided journalists with a massive trove of emails that became known as the #GuptaLeaks have remained a closely guarded secret.

McKinsey apologises for overcharging Eskom

2018-07-09 13:08

The consulting firm, which last week repaid almost R1bn in fees, has apologised for overcharging Eskom and for being slow to admit wrongdoing.

Irba wraps up evidence into audit of Gupta's Linkway

2018-07-08 07:00

‘Construction firm Linkway does not have any employees … It lacks an apparent commercial purpose’.

Lord Bell confirms SA links to Gupta propaganda site Voetsekblog

2018-06-19 19:33

The controversial Gupta-linked misinformation website, Voetsekblog.co.za, has at last been conclusively linked to Bell Pottinger through its work for the Gupta family.

A total train-smash: the R16bn 'Gupta premium'

2018-06-03 06:00

An analysis by amaBhungane's Sam Sole and Susan Comrie on how the Transnet locomotive acquisition went from R38.6bn to R54.5bn.

Gupta citizenship: MPs unhappy about sluggish start to inquiry

2018-05-30 17:05

Committee members have met for an update on the progress around setting up "Phase Two" of their probe into how Gupta family members received their citizenship.

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