Investors pulled billions of rand out of public companies under the guise of a government program meant to address the inequities of apartheid. Then they turned on each other.
The controversial Gupta family is known for making millions from the South African government — including $41 million from Eskom, the state energy company. Here’s where the money went.
Busisiwe Mkhwebane, who heads the country’s top anti-corruption body, was flagged by global banking giant HSBC as having financial links to the infamous Gupta family.
South African officials this week will hear testimony about how a major bank managed to strip millions of dollars off of a loan that was supposed to go to building railways and ports for the people of South Africa, local media reported.
South African President Cyril Ramaphosa this week signed a proclamation that officially establishes a new investigating council to examine high-profile cases such as the country’s ongoing state capture inquiry.
The son of former South African president Jacob Zuma is to appear in the Specialized Commercial Crime Court in Johannesburg where he will be charged with corruption, the New York Times reported Sunday.
South African authorities arrested Wednesday a member of the Gupta family during an early morning raid of their luxury home in an upscale Johannesburg neighborhood. The Guptas have been accused of state capture in collaboration with President Jacob Zuma, who is under pressure to resign.
South African politicians have claimed that a local councillor, gunned down just weeks after receiving a death threat, was killed for her "fight against corruption", local media reported Tuesday.
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