Guptas flee to Dubai amid intensifying talks of their hand in state capture

The Gupta family has travelled to Dubai amid ongoing rumours of state capture by the family, and their role in attempting to appoint government ministers.

The business family, with close ties to Zuma has come under fire, with various South African banks dumping them as clients.

702's John Robbie spoke to Professor Nick Binedell from the Gordon Institute of Business Science on the recent developments around the issue.

Listen to the interview below:

It's very important that business is seen by the public as taking appropriate action even if we disagree with it... It's a decision by the banks on who they want to lend to.

Prof Nick Binedell, Gordon Institute of Business Science

The banks must be asking what role they need to play, if there is a role to play in the current set of events unfolding around us.

Prof Nick Binedell, Gordon Institute of Business Science

The Gupta brothers and Duduzane Zuma recently announced their resignation from the board of Oakbay Investments.

This raises a broader question of the role of business at this time and I think that's an important area.

Prof Nick Binedell, Gordon Institute of Business Science

We've got to get confidence in the economy, locally and internationally, we've got to get investment up. If we don't get investment going, we can't create the jobs that South Africa needs so badly.

Prof Nick Binedell, Gordon Institute of Business Science

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