The rich controversial Gupta family have been making headlines recently for one reason or the other. Some South Africans are alleging that they have captured the country.
The family will be splashing out on a new palace.
This time a Cape Town mansion that used to belong to Mark Thatcher, son of former British prime minister Margaret Thatcher.
The Guptas plan to renovate the home – which includes lopping off the thatched roof, building a double-storey second dwelling and upgrading a lavish entertainment area.
Planned upgrades include:
• A double-storey, three-bedroom second dwelling that will increase the property’s total floor area to 1,955m² – 437m² more than permitted;
• A large gatehouse/generator room with bulletproof glass;
• Enlarged staff quarters in the main building to accommodate a property manager, chef and three staff;
• A new veranda juice bar and antechamber;
• Removal of the thatch in favour of a flat roof; and
• A better lapa and gym.
Documents submitted to the City of Cape Town reveal the Guptas bought Thatcher’s property for R17-million in through a company called Islandsite Investments One Hundred and Eighty, which also bought the Saxonwold property.
The property’s R15-million Nedbank bond was cancelled in September, not long before major banks said they were severing ties with the Guptas.