It's difficult to gage if sales a sign of Gupta SA exit - analyst

Right after the Gupta family sold ANN7 and The New Age, their company Oakbay Investments also parted ways with mining company Tegeta Exploration and Resources.

Tegeta was sold for R2.79 billion.

There's been widespread speculation that the sales of all these companies may be an indication that the Guptas are getting ready to leave South Africa.

Political analyst Karima Brown says its difficult to gauge whether this is the case.

The Guptas are involved in a lot of subterfuge. They did get people to believe the last time that they were getting on a plane and leaving the country, when in fact, they were digging in their heels and accelerating the take over of some state-owned institutions.

Karima Brown, political analyst

According to Brown, the sale of Tegeta to a Swiss company raises a couple of warning flags.

She says there are issues around the legality of the deal.

Brown says more will be revealed about the Tegeta deal by the weekend, but people should not see this as confirmation of the Guptas getting ready to leave.

Anyone who thinks that the Guptas are out of here, need to pause...

Karima Brown, Political Journalist and Radio Personality

Another topic Brown brings up on the Political desk is the grilling of Deputy President Cyril Ramaphosa in Parliament.

Read: Ramaphosa fudged his responses and struggled to defend government's position

Listen to the full Political Desk below:


Recommended

by NEWSROOM AI
Read More
No certainty if strange stone originates from outside the solar system

No certainty if strange stone originates from outside the solar system

In 2013 researchers announced the 'Hypatia' stone found in the south-west of Egypt, was most certainly not from Earth.

[LISTEN] ANC's proposed land expropriation explained

[LISTEN] ANC's proposed land expropriation explained

The Institute of Race Relations explains the confusion around the proposed amendment to Section 25 and how this affects property.

Manyi's Gupta media acquisition not for profits or transformation, expert says

Manyi's Gupta media acquisition not for profits or transformation, expert says

Media analyst Anton Harber says Mzwanele Manyi purchase of Gupta-owned ANN7 and The New Age is more about political interests.

Gupta-linked Charles King SA's director named in Panama leaks - Barry Bateman

Gupta-linked Charles King SA's director named in Panama leaks - Barry Bateman

Oakbay sold its Tegeta mining interests to a little-known Swiss company that trades in fashion products, clothing and shoes.

Jimmy Manyi will learn banks aren't stupid - Mantshantsha

Jimmy Manyi will learn banks aren't stupid - Mantshantsha

'Financial Mail' Deputy Editor Sikonathi Mantshantsha says banks may also turn their backs on ANN7 and TNA's new owner.

Guptas deny Bell Pottinger links in exclusive BBC interview

Guptas deny Bell Pottinger links in exclusive BBC interview

The family spoke via their spokesperson, Gary Naidoo who claims the Gupta's were not involved in pushing the 'WMC' narrative.

Popular articles
Fikile Mbalula confirms Gupta brother's phone call

Fikile Mbalula confirms Gupta brother's phone call

EWN reporter Theto Mahlakoana unpacks Fikile Mbalula's testimony at the Zondo commission of inquiry into state capture.

This mess that is Eish-kom, is the ANC's doing, says Eusebius

This mess that is Eish-kom, is the ANC's doing, says Eusebius

Eusebius McKaiser and callers discuss Ramaphosa's comment that South Africans will overcome load shedding like they did apartheid.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

[WATCH] 'We don't accept white people' says BLF registering for May elections

[WATCH] 'We don't accept white people' says BLF registering for May elections

Black First Land First (BLF) leader Andile Mngxitama made its exclusionist policy clear when registering at the IEC on Wednesday.

'I want the world to know that Mandla was using my daughter for his own gain'

'I want the world to know that Mandla was using my daughter for his own gain'

Reverend Mbongeni Simelane says it has been a difficult time for his family after the abuse of Bongekile 'Babes Wodumo' surfaced.

[VIDEO] Video allegedly showing Mampintsha beating Babes Wodumo creates outrage

[VIDEO] Video allegedly showing Mampintsha beating Babes Wodumo creates outrage

EWN reporter Kgomotso Modise in for Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] A woman gives birth...in a moving car

[WATCH] A woman gives birth...in a moving car

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

 Motshekga to implement 'consequence management' at catastrophic schools

Motshekga to implement 'consequence management' at catastrophic schools

Basic Education Minister Angie Motshekga has called South Africa's education system a "national catastrophe" and a "crisis".