Top Stories

Movement of R1.5bn from Standard Bank was legitimate business practice, says Gupta-owned company - Rand Daily Mail;

Movement of R1.5bn from Standard Bank was legitimate business practice, says Gupta-owned company - Rand Daily Mail

Rand Daily MailMovement of R1.5bn from Standard Bank was legitimate business practice, says Gupta-owned companyRand Daily MailThe Gupta-owned Oakbay Investments has confirmed that an amount of R1.5bn was moved out of its Standard Bank account and into an account held with the Bank of Baroda in June 2016. But, says the company, the move was legitimate due to "Standard ...and more »

EFF opens criminal case against Gupta family - Randburg Sun;

EFF opens criminal case against Gupta family - Randburg Sun

Randburg SunEFF opens criminal case against Gupta familyRandburg SunJOBURG – EFF leadership opened a case against the Gupta family, President Jacob Zuma's son, Duduzane and all Gupta linked companies at Rosebank Police Station. 42 mins ago. EFF leadership at the Rosebank Police Station where they laid charges ...and more »

Fin24.com | Guptas' Oakbay says only five deals on Gordhan list linked to them - Long Beach City College Viking;

Fin24.com | Guptas' Oakbay says only five deals on Gordhan list linked to them - Long Beach City College Viking

Long Beach City College VikingFin24.com | Guptas' Oakbay says only five deals on Gordhan list linked to themLong Beach City College VikingJohannesburg – Oakbay Resources and Energy Limited [JSE:ORL] has confirmed that five of its transactions are implicated in the list of 72 transactions reported to the Financial Intelligence Centre .This follows reports over the weekend that R6.8bn ...and more »

Oakbay responds to suspicious transactions - Jacaranda FM;

Oakbay responds to suspicious transactions - Jacaranda FM

Jacaranda FMOakbay responds to suspicious transactionsJacaranda FMOakbay Resources has told its shareholders it's investigating five transactions referred to in legal proceedings instituted by the Finance Minister Pravin Gordhan. Published: Oct. 17, 2016, 3:06 p.m. by JacarandaFM News ...and more »

Oakbay Resources confirms five transactions in Gordhan affidavit - Times LIVE;

Oakbay Resources confirms five transactions in Gordhan affidavit - Times LIVE

Times LIVEOakbay Resources confirms five transactions in Gordhan affidavitTimes LIVEGupta family-controlled Oakbay Resources and Energy issued a statement on Monday confirming that five of the 72 suspicious transactions listed in an affidavit by Finance Minister Pravin Gordhan were done by the JSE-listed holding company or its ...and more »

Litany of letters: How Oakbay begged Gordhan to lobby 'intransignet' banks - Times LIVE;

Litany of letters: How Oakbay begged Gordhan to lobby 'intransignet' banks - Times LIVE

Times LIVELitany of letters: How Oakbay begged Gordhan to lobby 'intransignet' banksTimes LIVEPravin Gordhan attends a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 20, 2016. Image by: Matthew Lloyd / Bloomberg. An exchange of letters that spanned four months shows the lengths to which Oakbay ...and more »

South Africa's Gupta-owned Oakbay investigates suspicious transactions - Reuters Africa

South Africa's Gupta-owned Oakbay investigates suspicious transactionsReuters AfricaJOHANNESBURG (Reuters) - South Africa's Oakbay Resources and Energy Ltd, a company controlled by businessmen close to President Jacob Zuma, is investigating five of 72 transactions reported to authorities as suspicious. Finance Minister Pravin ...and more »

South Africa: We Need to Know If the Optimum Rehabilitation Fund Has Been Raided - AllAfrica.com

South Africa: We Need to Know If the Optimum Rehabilitation Fund Has Been RaidedAllAfrica.comRevelations that Gupta-owned companies were given permission by the Department of Mineral Resources (DMR) to transfer money from the rehabilitation fund for the Optimum colliery need to be clarified. In his court notice of motion, Finance Minister ...and more »

SA banks must explain account closures - Gupta lawyer - CapeTalk;

SA banks must explain account closures - Gupta lawyer - CapeTalk

CapeTalkSA banks must explain account closures - Gupta lawyerCapeTalkCourt documents filed by Finance Minister Pravin Gordhan revealed that the Financial Intelligence Centre flagged a history of "suspicious" transactions made by the Gupta family and companies owned by them. The transactions amount to R6.8 billion.and more »

Phosa wants probe against NPA and Abrahams - CapeTalk;

Phosa wants probe against NPA and Abrahams - CapeTalk

CapeTalkPhosa wants probe against NPA and AbrahamsCapeTalkANC stalwart Mathews Phosa, says he is not surprised that Deputy President Cyril Ramaphosa has offered his moral and political support to Finance Minister Pravin Gordhan. He says he wrote a letter to the Presidency, Minister of Justice and the speakers ...and more »

Mathews Phosa wants Bar to probe NPA head after charging Pravin Gordhan - Eyewitness News;

Mathews Phosa wants Bar to probe NPA head after charging Pravin Gordhan - Eyewitness News

Eyewitness NewsMathews Phosa wants Bar to probe NPA head after charging Pravin GordhanEyewitness NewsJOHANNESBURG - Former African National Congress (ANC) treasurer general Mathews Phosa says he'll be writing to the General Council of the Bar today to ask for an investigation into National Prosecuting Authority (NPA) head Shaun Abrahams after he ...and more »

Is Ramaphosa compromising himself by supporting Gordhan? - DestinyConnect;

Is Ramaphosa compromising himself by supporting Gordhan? - DestinyConnect

DestinyConnectIs Ramaphosa compromising himself by supporting Gordhan?DestinyConnectCAPE TOWN, SOUTH AFRICA – NOVEMBER 1: Minister of Cooperative Governance and Traditional Affairs Pravin Gordhan and Deputy President Cyril Ramaphosa address members of the Western Cape Farming Sector on November 1, 2014 in Cape Town, ...and more »

South African economy teeters as finance minister faces indictment - Cosumnes Connection (subscription);

South African economy teeters as finance minister faces indictment - Cosumnes Connection (subscription)

Cosumnes Connection (subscription)South African economy teeters as finance minister faces indictmentCosumnes Connection (subscription)But legal experts say it will be hard to make the charges of fraud stick because the NPA will be required to prove Gordhan intentionally broke the law. Abrahams said "I don't think we must jump the gun" on whether Gordhan could also face charges about ...and more »

People are misreading history if they think Zuma will go: Justice Malala - CapeTalk;

People are misreading history if they think Zuma will go: Justice Malala - CapeTalk

CapeTalkPeople are misreading history if they think Zuma will go: Justice MalalaCapeTalkMembers of the ANC National Executive Committee (NEC), Dr Zweli Mkhize and Deputy President Cyril Ramaphosa have backed Finance Minister Pravin Gordhan on the fraud charges. However, political analyst, Justice Malala, told Stephen Grootes on the ...and more »

Phosa wants Bar Council to probe NPA boss Abrahams' fitness to be an advocate - Times LIVE;

Phosa wants Bar Council to probe NPA boss Abrahams' fitness to be an advocate - Times LIVE

Times LIVEPhosa wants Bar Council to probe NPA boss Abrahams' fitness to be an advocateTimes LIVEAfrican National Congress (ANC) heavyweight Mathews Phosa will on Monday write to the General Council of the Bar to investigate National Prosecuting Authority (NPA) head Shaun Abrahams.and more »

Gordhan moves to force Gupta finances into public domain in South Africa - Financial Times;

Gordhan moves to force Gupta finances into public domain in South Africa - Financial Times

Financial TimesGordhan moves to force Gupta finances into public domain in South AfricaFinancial TimesSouth Africa's finance minister has challenged the Guptas, the business family with ties to President Jacob Zuma, to reveal information on their finances by telling a court that 6.8bn rand ($475m) in alleged suspicious transactions may have led banks ...and more »

[LISTEN] Guptas v Gordhan: Implications of transaction claim - Eyewitness News;

[LISTEN] Guptas v Gordhan: Implications of transaction claim - Eyewitness News

Eyewitness News[LISTEN] Guptas v Gordhan: Implications of transaction claimEyewitness NewsRadio 702 | 702's John Robbie spoke to EWN and Rapport reporters, Stephen Grootes and Pieter-Louis Myburgh, in an effort to make sense of the conundrum where Deputy President Cyril Ramaphosa has come out in support of Finance Minister Pravin ...and more »

Rand seesaws as political clashes heat up - The South African

Rand seesaws as political clashes heat upThe South AfricanLast week's big news revolved around the fraud charges brought against Finance Minister, Pravin Gordhan. The Rand has been extremely volatile as Gordhan and his opponents traded blows throughout the week and into the weekend. By 1st Contact -.and more »

Oakbay investigates suspicious transactions - Independent Online;

Oakbay investigates suspicious transactions - Independent Online

Independent OnlineOakbay investigates suspicious transactionsIndependent OnlineJohannesburg - South Africa's Oakbay Resources & Energy, a company controlled by businessmen close to President Jacob Zuma, is investigating five of 72 transactions reported to authorities as suspicious. Finance Minister Pravin Gordhan has revealed in ...and more »

Movement of millions withheld - Daily dispatch;

Movement of millions withheld - Daily dispatch

Daily dispatchMovement of millions withheldDaily dispatchThe Department of Mineral Resources withheld information twice about the movement out of the country of hundreds of millions of rands involved in a Gupta-owned mine. Finance Minister Pravin Gordhan. DMR spokesman Ayanda Shezi in July dismissed two ...and more »