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Mines ditch doing business with Gupta firm

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Johannesburg - South African platinum miners are severing ties with a services firm that accounts for the biggest share of profit at the Gupta family’s investment company, the latest sign that the friends of President Jacob Zuma are under pressure from the country’s business community.

The miners are ending, or not renewing, contracts with JIC Mining Services because it’s difficult to pay for their services after the nation’s biggest banks closed accounts connected to Gupta-linked companies.

JIC has lost a contract at Platinum Group Metals’s Maseve mine, according to a person familiar with the matter who asked not to be identified because the contract is confidential. JIC as well as Oakbay Investments, the Guptas’ investment vehicle, didn’t respond to requests for comment.

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