He is still very young, yet could turn out to be one of the richest South Africans in no distant future, valuing his numerous stake in the various Gupta owned companies. President Jacob Zuma’s son Duduzane, a shareholder in many Gupta-owned companies, bought an apartment worth nearly R18-million at the iconic skyscraper Burj Khalifa building in Dubai two years ago. Leaked emails show that Duduzane purchased the property with substantial assistance from the Guptas and their associates at the end of 2015.
More shocking and revealing documents, also showed the Guptas were central to a scheme for Zuma and his family to obtain residency in Dubai in the United Arab Emirates. Zuma has denied the claim this weekend, saying his only home was in Nkandla.
The Denel board member and advisor to minister Malusi Gigaba‚ Thamsanqa Msomi‚ has emerged as the fixer for Gupta family associates in the department of home affairs‚ documents show. A leaked email trail revealed how the Guptas‘ ‘man on the inside’‚ Msomi‚ received emails from Gupta family associates asking for assistance for visas for “clients”‚ confirming long-standing speculation over his alleged links to the family. Msomi does not deny the picture painted in the emails but says his actions were not out of the ordinary.
In the same stroke, The embattled Gupta family contemplated a takeover of Grindrod Bank – the bank the SA Social Security Agency (Sassa) uses for its monthly payouts of R11-billion of social grants‚ documents show. The embattled Gupta family contemplated a takeover of Grindrod Bank – the bank Sassa uses for its monthly payouts of R11-billion of social grants‚ documents show.