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Guptas to sell SA shareholding

───   08:21 Sun, 28 Aug 2016

Guptas to sell SA shareholding | News Article
Atul Gupta (Gallo)

Johannesburg - The Gupta family has announced that it is selling all of its shares in its South African businesses for the good of the country.


Speaking through their spokesperson, Gary Naidoo, the family said in a statement released yesterday that they intend to sell all of their shareholding in the country by the end of the year.

The owners of the company, which started as a small computer enterprise on the East Rand, stepped down from executive and non-executive positions in April. 

Under the umbrella of Oakbay Investments, the company's interests also include mining and media. 

The announcement comes after a long period of criticism which peaked this year when the Deputy Finance Minister, Mcebisi Jonas, claimed they had offered him the job of finance minister.

-news24.com


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