The most recent development in the Gupta drama that has been ever-present in South African news sees one Gupta-owned company potentially putting another into liquidation.
Tegeta sprung into prominence when former Public Protector detailed Eskoms involvement, allegedly at the behest of the Guptas in making the sale of the Optimum mines to Tegeta possible at the expense of Glencore.
Tegeta stopped trading during 2018 but owns shares in the Richards Bay Optimum Coal Terminal, as well as the Koornfontein Mines, and Shiva Uranium. Oakbay owns a 59% stake of Shiva Uranium, another mine under business rescue.
As reported by Baldwin Ndaba from The Star, Tegeta was also placed under business rescue, and…
Read the full article at: https://www.thesouthafrican.com/gupta-companies-apply-liquidation-oakbay-tegeta/