Peter Bruce described the piece below as “hilarious”. Having had papers served on myself and Biznews by a London law firm, I certainly didn’t share his mirth when this editorial appeared in Gupta Media earlier this week. There was even a fleeting moment of considering a counter suit. But I’d have to stand in a long line.
Because there is a queue of South Africans lining to recover as much as they can of ill-gotten Gupta gains. The damage wrought on South Africa by this single family of Indian immigrants is incalculable. Bankers whisper of a R6bn profit banked by trading the Rand ahead of Nenegate. Marketing teams at public enterprises shake their heads at tens of millions splurged on worthless events hosted by Gupta Media. And then those hundreds of public sector contracts for various other goods and services procured from the family’s businesses.
But it hasn’t just been financial. Ask those Eskom managers on long-term suspension after rejecting Gupta delivered coal because of poor quality. Or the team at Kumba which were forced to spend thousands of man hours defending the ludicrous minerals rights claims by ICT. The response from this rapacious family has been consistent: “We are gifted businessmen who generate big profits from anything we turn our hand to.