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State capture inquiry postponed 'until further notice'

By: News24Wire      11th September 2018 The judicial commission of inquiry into state capture has been postponed until further notice, it announced on Tuesday. The hearings were expected to resume on Wednesday with the testimony of former minister of public enterprises Barbara Hogan. The commission's chair, Deputy Chief Justice Raymond... 

Hawks investigate cases related to Gupta-loot worth more than R40bn

By: News24Wire      16th August 2018 The Hawks are investigating cases related to the Guptas' state capture project that involves more than R40 billion which has been plundered from state coffers. Lieutenant General Godfrey Lebeya presented the Hawks' progress in several cases of state capture to the Portfolio Committee on Police on... 

AfriForum to privately prosecute Julius Malema

By: News24Wire      19th April 2018 Lobby group AfriForum announced on Thursday that it intended to privately prosecute Economic Freedom Fighters (EFF) leader Julius Malema on charges of fraud and corruption. The announcement was made in Centurion on Thursday morning by AfriForum's private prosecution head, the so-called "Pit Bull"... 

Guptas' Optimum Coal risks suspension as workers protest

By: Bloomberg     21st February 2018 South Africa’s Optimum Coal mine, linked to the politically connected Gupta family, will be suspended if managers fail to comply with the site’s social and labour plan. Workers protested Wednesday over the uncertainty at the operations. The Department of Mineral Resources conducted an inspection... 

Deputy Chief Justice Zondo to hold briefing on State capture inquiry

By: News24Wire      23rd January 2018 Deputy Chief Justice Raymond Zondo is expected to reveal further details of the commission of inquiry into allegations of State capture at a briefing in Midrand on Tuesday as the State takes steps against some of the people implicated in the claims. On January 9 this year President Jacob Zuma... 

Deputy Minister says he did not attend ‘tea party’ with Gupta brother

By: African News Agency      9th November 2017 Deputy Public Enterprises Minister Ben Martins has rubbished claims by power utility Eskom’s suspended head of legal Suzanne Daniels that he had attended a meeting with Ajay Gupta, Duduzane Zuma and Salim Essa in Johannesburg in Melrose Arch this year. “As the head of Eskom’s legal department, Ms... 

Denel exits controversial Asia joint venture

By: Keith Campbell     25th August 2017 South Africa's State-owned Denel defence industrial group has exited the Denel Asia joint venture (JV) company. This was announced on Friday by Denel acting Group CEO Zwelakhe Ntshepe, addressing a media briefing (about the company's financial results) at the group's head office in Centurion,... 

Parly inquiry into Eskom must include Duduzane Zuma’s ‘fake intelligence report’ – DA

By: African News Agency      22nd May 2017 The Democratic Alliance (DA) will ask Parliament’s chair of chairs Cedric Frolick to include an investigation into the most recent evidence of possible political interference in Eskom, this time by Duduzane Zuma, in the course of the inquiry the DA has requested. Just over a week ago, the DA... 

Guptas, Eskom still not budging on R2bn coal fine payment 

By: News24Wire      1st December 2016 The Guptas, who part-own Optimum Coal Mine through Tegeta Resources and Energy with President Jacob Zuma’s son Duduzane Zuma, have yet to pay the R2.176-billion fine imposed on it by Eskom. That is according to a written Parliamentary response by Public Enterprises Minister Lynne Brown on Wednesday. 

Guptas considered Treasury a 'stumbling block'

By: News24Wire      3rd November 2016 The Treasury was a "stumbling block" to the Guptas' business ambitions and the family asked Deputy Finance Minister Mcebisi Jonas to sack its director general, according to former Public Protector Thuli Madonsela’s "state capture" report. He would have had to do this if he had accepted the... 

DA to add new charges against Guptas

By: News24Wire      17th October 2016 The Democratic Alliance (DA) on Sunday said it will add new charges to its corruption case against the Gupta family. "I have already laid charges of corruption against Atul Gupta, Ajay Gupta and Duduzane Zuma," said DA MP David Maynier in a statement. 

EFF to open case against Guptas after explosive Gordhan affidavit

By: News24Wire      17th October 2016 The Economic Freedom Fighters (EFF) is on Sunday set to open a criminal case against the Gupta family and their company directors after “suspicious” transactions were revealed in a court application by Finance Minister Pravin Gordhan. EFF spokesperson Fana Mokoena said their case was based on... 

Treasury, Eskom in war of words over cooperation in coal-contract review 

By: Terence Creamer     29th August 2016 The National Treasury has strongly disputed Eskom’s contention that it has been cooperating with its review of coal contracts involving the Gupta-family-linked Tegeta Exploration and Resources, indicating rather that its “efforts have met resistance” from the utility. It also disputed Eskom’s... 

Gupta’s Oakbay Resources gets new CEO

By: African News Agency      17th May 2016 Oakbay Resources on Tuesday announced a new CEO following the abrupt resignation of Varun Gupta from the position last month. “Oakbay Resources is pleased to announce that, following a Nominations Committee process, the Board has appointed Mr Jacques Roux as the CEO of the Company with immediate... 

South East Asia venture 'part and parcel' of Denel’s growth strategy

By: Samantha Herbst     11th May 2016 Continuing to defend its joint venture (JV) with steel manufacturing group VR Laser Services to establish Denel Asia, State-owned defence industrial group Denel told the Portfolio Committee on Public Enterprises in Parliament on Wednesday that its decision to extend its business footprint in... 

Sale of Optimum Coal to Tegeta concluded

By: Terence Creamer     14th April 2016 The joint business rescue practitioners of Optimum Coal Holdings announced on Thursday that all outstanding obligations in respect of the sale of the assets of Optimum Holdings to Tegeta Exploration & Resources had been performed and that the transaction would become effective on April 15. Joint... 

Optimum rescue plan approved, as Guptas quit Tegeta holding company

By: Terence Creamer     8th April 2016 The business rescue plan for Optimum Coal Holdings was approved on Friday after the majority of creditors adopted the plan at a meeting of affected parties in Johannesburg. Joint business rescue practitioners Piers Marsden and Peter van den Steen said the plan was binding on all parties and that... 

Hawks probing corruption charges against Gupta brothers, Zuma’s son

By: African News Agency      30th March 2016 The Directorate for Priority Crime Investigation (Hawks) on Wednesday confirmed that the unit’s anti-corruption team is investigating the charges brought by the Democratic Alliance (DA) against President Jacob Zuma’s son Duduzane and two members of the Gupta family, who have been accused of... 

Treasury hits out at Jonas, Duarte allegations

By: News24Wire      14th March 2016 National Treasury on Monday strongly denied that any of its senior officials could have been the source of a report in a Sunday newspaper, which insinuated that Deputy Secretary General of the ANC Jessie Duarte had offered Deputy Minister of Finance Mcebisi Jonas the position of finance minister... 

Guptas: We never ever met with Mcebisi Jonas

By: News24Wire      10th March 2016 The Guptas have denied that any family member ever met with Deputy Finance Minister Mcebisi Jonas, following reports that he was offered Nhlanhla Nene's job weeks before 9/12. "To be absolutely clear: there was no meeting between any member of the Gupta family with Deputy Minister Mcebisi Jonas... 

Solidarity calls on Public Protector to probe Gupta, Denel partnership

By: Creamer Media Reporter      10th February 2016 Trade union Solidarity on Wednesday called on Public Protector Thuli Madonsela to investigate South Africa’s State-owned defence industrial group Denel’s new joint venture (JV) Denel Asia’s link to the Gupta family. The JV, established in Hong Kong in partnership with South African private-sector... 

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