for subscribers

Gupta empire threatened in SA's search for answers

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - A South African business empire built up by members of the Gupta family is under pressure as they face a mounting backlash over allegations that they exploited their friendship with President Jacob Zuma to loot billions of rand from the state.

Separate reports by the graft ombudsman in November, and the country’s biggest church association and a team of top academics in May, all allege that Atul, Ajay and Rajesh Gupta used their links with Zuma to influence cabinet appointments and secure sweetheart contracts and deals from state companies.

The Daily Maverick news website and the amaBhungane Centre for Investigative Journalism said on June 1 that they have been leaked hundreds of thousands of emails said to have been between the family and their employees and business associates that showed how the family and their allies allegedly benefited from undue influence over the government.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.42
(+0.10)
ZAR/GBP
22.77
(+0.02)
ZAR/EUR
20.59
(-0.00)
ZAR/AUD
12.46
(+0.38)
ZAR/JPY
0.16
(+0.28)
Gold
1952.30
(+1.67)
Silver
27.44
(+7.13)
Platinum
960.00
(+3.27)
Brent Crude
45.32
(+2.09)
Palladium
2175.50
(+1.97)
All Share
57419.46
(+0.00)
Top 40
53082.08
(-0.08)
Financial 15
10227.06
(+0.86)
Industrial 25
75743.15
(-0.61)
Resource 10
59161.88
(+0.29)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 989 votes
It depends on how the funds are used.
74% - 6594 votes
No. We should have gotten the loan elsewhere.
15% - 1383 votes
Vote