There are at least 70 active companies with known Gupta links registered with the

OF CAPTU
Companies & Intellectual Properties Commission (CIPC).

Records show that Condent Concepts was registered as a close corporation as far back as 1993,

B
listing four Gupta family members as directors.It has since been re-registered as a private company

E RE with new directors.

In fact, Gupta family members have resigned from their directorships at almost all these companies.

W gy Annex
D i s tr i b u t i o n
Be
In April 2016, Atul, Ajay, Chetali, Rajesh (Tony), Arti and Varun Gupta resigned from Oakbay Investments
and its subsidiaries, citing a sustained political aack on the family.

Duduzane Zuma also resigned at the time as a director of Shiva Uranium. Records show that Zuma was
formerly a director at Dixie Investments, Dunrose Investments 180, Islandsite Investments 254, Islandsite
Investments 255, Westdawn Investments, Mabengela Investments and Sahara Holdings.
l o llo
no  oT Duduzanes sister Duduzile was previously a director of Sahara Computers and Sahara Systems. uma
h Tegeta ra d zile Z
ec E x p l o ra t i o n and D
udu
al mT and Resources
in g A number of these businesses are shelf companies, used mostly to move money and shares zane
Afrip n Dudu

In
ng ity around. Others feature more prominently, mostly through dealings with state-owned
di M enterprises in the capture of key contracts and individuals
Tra ed
rid ge ia
Ne which have now been laid bare in the Gupta e-mails.
Tegeta Re ources
Gold s two
rk s
2 54

W Mabengela Investments,

Blac
02 In est where Duduzane Zuma was a
ll 7 t s ve da
stm wn
in g

e
na dia b tions

s h n director, appears to be key in

ked
Lex stme Mabengela en
ts In 2011,
d

e the transfer of shares

e) y the

Inv
Tra

g
Resources the Mail & Guardian
olu

between Gupta companies,

eE
Inve
el a and Energy Inv Ma

Isla ent
n

ng e n t s es hila reported that the including to Dubai-based

sa in h S
oo

xp
b e tm

st m
Ma estm ssa associations president,
en Salim E Advanced Investments and

nd s 2
g
iM

lo
m
c

ts
me In

New
rvi erin
pa e

Inv tio

ra
sit 5
Kebby Maphatsoe, Fidelity Enterprises.
in

Rietkuil Islandsite Investments 255

o

n
m

e 4
id S
ny

Ge
om S

Se gine
ces

Co aha conrmed that it had

she
Mining
rty

am is a shareholder in Shiva Uranium, a

Pyr ing
(c bal

mp ra received shares worth

ldi ope

ute

lf
d

Inv
En
o

Tra n) Gupta-owned mine in the North West.

Mf tmen
rs
Gl

96
ve R250m in the Shiva
s

es
Ho a Pr
C

(Ele
ng

Records show that Rajesh and

az

0
JI

Sahara is the uranium mine.

Con

i ts
Idwala T
n

VR er s
Sahumab

Me NA holding Duduzane signed o on various share

ria

Lasvice
Cr urya

Coal
s
her

dia transactions involving Islandsite

ara les
Ve

r company for the

Se
S
us
Craysure Investments
t

liga

Investments, including a transfer

l Agricultural
pment Projec

Jov

groups assets. Shiva Uranium

Confident Concept
Investments 255
ca

from the Umkhonto weSizwe

Property Holdings
iw
Linkway Trading

was bought from a Canadian

Lo

iz

Military Veterans Association

Islandsite
Investments

Distribution

company called Uranium One

Micawber
Properties

to Mabengela Investments.
Oakbay

Uranium

Kalem
Sahara

Oakbay Resources by the Guptas listed mining

Shiva
VRLS

478

& Energy listed on the JSE in 2014. concern, Oakbay Resources &
Its key asset is Shiva Uranium. The Energy. Its purchase was
Nationa
Develo

group reported a R936.5m loss for assisted by a R100m loan

Optimum had been the year to February, with cash from the Industrial
placed into business
Elg

ldi a

reserves dwindling by R220m to Development

s

Tegeta Exploration
Ho ahar
ng
as

rescue following a R2bn R2.7m. Its listing may be

& Resources managed to Corp.
olv
Te

479 ber
S

ne levied by Eskom and

Sc olog

suspended aer its JSE sponsor,

ch

secure a R600m prepayment

Le Ex

aw
ipi

the power utilitys refusal

n
an

ts ty River Group, said this week it

sw plo

ra from Eskom to fund its

Mic

Sa
o es

din

ha
d

Sys hara to renegotiate a coal

nd en
en

Sa edia s gh purchase of the Optimum would be dumping the

Af ing

tem
Tra

d A tm
i

D M ding supply contract.

e M ation
M

Ei
or

s Sahara l coal mine, in business company at the

in

dre Inves

Ho
ka
ika Solut
un

inin
r

Press rescue at the time, end of July. TNA Media,

Kas
ro

er
Bo ions

Mic
rt)

wb which owns The New Age

g
se

from Glencore.
One ndsite

aw
ve

ca 0
rwa

yD a

495 ber i newspaper, is, together with

ino
Inv

vio urev

M 48
Hun

television channel ANN7, the

est

Inf Leg Micawber

Isla

C
usl

Comorma ends 492 Guptas mouthpiece. ANN7 is

me

t
Tec mun ion a rig
en primarily controlled by Innity
nts 1

hno ica n Former mines minister VR Laser Services

(pre

log tio d Ke Ngoako Ramatlhodi said then-CE Gupta associate Media Networks, another
y n was bought by Gupta ally, Iqbal Gupta company.
Salim Essa, who has allegedly
80

JIC Leason Forkli of Eskom, Brian Molefe, and Sharma while he was chairing the
s scored huge kickbacks from the
Mi
nin tail chairman Ben Ngubane pressured Transnet commiee overseeing
g J Re him to suspend Glencores mining tender processes. It was bought
procurement of locomotives, is a
IT director in the company and owns
ies licence. Ngubane and Eskom have
Drisd log shortly before Transnet announced a
ale Izak and Iris hno ia by the dismissed these claims, and R50bn locomotive tender, from
VR Laser Asia. VR Laser Asia is
Inv c
es Investments t i Te n Ind e) Ramatlhodi has responded that which VR Laser Services was well
aempting to pursue a joint venture
tm re ny nam with Denel Asia, a subsidiary of
Cy mpa same
en he would make a sworn positioned to benet, according to
statement in any Denel. This has been blocked by
o the State Capacity Research By Hanna Ziady
(c
ts

investigation. treasury and is now the subject

Projects Betrayal of
Dixie Investments of a court application. ziadyh@businesslive.co.za
the Promise: how SA is
being stolen.