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:


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