Mantshantsha: Atul Gupta likely on SA's top 10 rich list by pulling govt strings

The Gupta families alleged influence on government officials does not lend them credibility when it comes to how they've earned their riches, says Financial Mail's deputy editor Sikonathi Mantshantsha.

The Business Times this weekend published its 2016 Rich List‚ in which Atul Gupta was placed at number seven - making him the highest-ranked black person on the list.

Mantshantsha says the prominent Gupta family member (with investments worth R10.69 billion) most likely netted his riches through his connections to the levers of power.

Everything we've seen and heard so far doesn't inspire much confidence...The man only knows how to contact a government officials and get others to do things that aren't available to the average businessperson.

Sikonathi Mantshantsha, deputy editor of the Financial Mail

Mantshantsha reports how Mineral Resources Minister Mosebenzi Zwane accompanied the Gupta delegates on trip to Switzerland to negotiate a deal on their behalf.

He adds that the Gupta family have had favour and preference with mining licences because of state visit to Saxonwold.

Money, shares and fame: Here's the full Business Times Rich List.

Take a listen to Sikonathi Mantshantsha's analysis:


Recommended

by NEWSROOM AI
Read More
Investigative journo unit exposes Gupta money laundering claims

Investigative journo unit exposes Gupta money laundering claims

AmaBhungane claims they have evidence that Gupta family using a group of holding companies to launder money and linked to SOEs.

President Zuma to take state capture report remedial action on review

President Zuma to take state capture report remedial action on review

Public Protector's State of Capture report implicated Zuma, Cabinet Ministers, SOEs in corrupt dealings linked to Gupta family.

Ralph Mathekga: Zuma likely to challenge state capture report and banks in court

Ralph Mathekga: Zuma likely to challenge state capture report and banks in court

Zuma has stood firm despite various calls for him to step down amid the state capture report and his support for the Gupta family.

Rare interview with Ajay Gupta lends credence to state capture claims

Rare interview with Ajay Gupta lends credence to state capture claims

The interview reveals a trail of lies by the Gupta brother known for being cosy with high-ranking government officials.

Ajay Gupta lied to Stephen Grootes in an interview that was never published

Ajay Gupta lied to Stephen Grootes in an interview that was never published

The EWN reporter was prohibited from talking about or publishing the interview, and then it appeared on YouTube.

Popular articles
 In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the car feature, our very own car guy Tumelo Maketekete shares some tips and tricks to buying a car on a R100 000 budget.

Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

'Citizens have a right to ask for identification from police during a roadblock'

'Citizens have a right to ask for identification from police during a roadblock'

Major General Michael Mohlala explains the procedure of conducting a roadblock and what to do when you are stopped.

Jacques Pauw: We need more evidence on the 'The Lost Boys of Bird Island' book

Jacques Pauw: We need more evidence on the 'The Lost Boys of Bird Island' book

Investigative journalist and author Jacques Pauw shares his thoughts on 'The Lost Boys of Bird Island' book.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.