Gupta-owned company Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based firm Charles King SA for over R2.9 billion.
Charles King SA has no history in the commodities business.
When Bloomberg News visited the offices of Charles King – on the fifth floor above a violin maker and yoga studio – it found it to be virtually empty.
The Money Show’s Bruce Whitfield interviewed Intellidex MD Stuart Theobald.
Who are the directors of Charles King SA?
- Why is its registered address that of a violin shop?
Listen to the interview in the audio below (and/or scroll down for quotes from it).
This entity has only a single director.— Stuart Theobald, Intellidex
For a company that is spending R3 billion… you would want to know more about who is doing this acquisition.— Stuart Theobald, Intellidex
We know the Guptas’ bank accounts have been shut down…— Stuart Theobald, Intellidex
The Guptas might imagine this will solve some of their problems.— Stuart Theobald, Intellidex
The transaction amount looks smaller than I would’ve imagined.— Stuart Theobald, Intellidex
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Bruce Whitfield interviews Smart who, at the age of 52, is retiring, and looking forward to a more “purposeful” second life.
The Money Show’s Bruce Whitfield interviews Africa Connected host Lee Kasumba.
So much about our lives has changed in the last 300 years but, as a species, we have not evolved.
The Money Show’s Bruce Whitfield interviews Wessel Badenhorst, a partner at Hogan Lovells.
What is the future of driving? Perhaps it’s actually driving! A Kia! Bruce Whitfield interviews advertising expert Andy Rice.
The Money Show’s Bruce Whitfield interviews David Frost, CEO at Southern Africa Tourism Services Association.
The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
Commission says investigation into food and agro processing companies is important because of high levels of inequality in SA.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?