SA milked of billions in corrupt deals

The murky world of Gupta connections

SOUTH Africa could have been milked billions of rand in what appears to be a collusion between the infamous Gupta family and leading private and state-owned companies, which is now widely referred to as State capture.

Although details are still emerging, a number of international companies and stateowned entities, have been fingered in what appears to be the worst ever scandal in post independent South Africa.

Perilous path

This, coming hot on the heels of the recent downgrading of South Africa by global credit rating agencies to the “junk status” following a number of policy decisions, could lead the country’s economy on a perilous path.

Rights groups are pressing for those implicated in the Gupta scandal to be prosecuted both in South Africa and in their home countries, with calls for those found to have transgressed to return the ill-gotten loot to South Africa.

In this special report, we focus on some of the deals that have come under spotlight in recent weeks, we also look at the quantum of the loot.