Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

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

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Black Friday… there are scams and lures everywhere!

Black Friday… there are scams and lures everywhere!

The Money Show’s Bruce Whitfield interviews Personal Finance Consultant Samke Ngwenya.

White males in W Cape the most successful tech start-up founders – survey

White males in W Cape the most successful tech start-up founders – survey

Black women, however, are more likely to run a start-up than white women. Bruce Whitfield interviews Ventureburn's Stephen Timm.

Succession planning 101 (or how transfer power from one generation to the next)

Succession planning 101 (or how transfer power from one generation to the next)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

'The South African stock market is massively hedged against a weak rand'

'The South African stock market is massively hedged against a weak rand'

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Should you buy Naspers shares? They’re making many people very rich…

Should you buy Naspers shares? They’re making many people very rich…

Naspers is up about 100%, so far, this year. Bruce Whitfield interviews Just One Lap Financial Educator Simon Brown.

Meet Bongumusa Makhathini, Chairperson of the Board that has to save the SABC

Meet Bongumusa Makhathini, Chairperson of the Board that has to save the SABC

The Money Show’s Bruce Whitfield interviews Makhathini for his “ShapeShifter” feature.

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Shop 'til you drop: The top 'Black Friday' deals this week

Shop 'til you drop: The top 'Black Friday' deals this week

Start your Christmas shopping off with a bang at these major retailers offering some impressive discounted sales for Black Friday.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

Police hunt man who doled out drug-laced sweets to school kids

Police hunt man who doled out drug-laced sweets to school kids

60 children from three schools in south of Johannesburg were rushed to hospital after eating sweets handed out by a stranger.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?