Down the Gupta rabbit hole: What became of the family's 'economic investments' in SA? | The Citizen

Down the Gupta rabbit hole:

Was their investment in the country so substantial for former president Jacob Zuma to favour them as much as he did? The Guptas started Sahara Computers with just R1.2 million and by 2016, reported R1.1 billion in revenue. Some of their key clients were JDG, Edcon, Shoprite, Pick n Pay, and the Lewis Group.

It owns Shiva Uranium mine and employed around 1 000 to 5 000 people. The company borrowed R287 million in loans during that time. The purchase of Optimum Coal Holdings by Tegeta Exploration and Resources, facilitated by Eskom, was a significant catalyst for the establishment of the Zondo Commission. The ‘‘ report published by the Public Protector in October 2016 put a spotlight on this very acquisition.

The 800 foreign nationals performed mining services at Royal Bafokeng Platinum Mine on behalf of Westdawn Investments. , which was under investigation by South Africa’s broadcast regulator Icasa, disclosed the findings of its own internal investigation.

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