In our last article we tried to figure out who are the key people at the fore front of Shiva uranium and amongst the shareholders it was revealed that the Umkhonto Wesizwe Veterans were involved, Women Groupings, Oakbay Investments and Islandsite 255. In this article we try to figure out within this groupings who are the key individuals involved in striking deals and holding power. According to Centre for Investigative Jounalism the Umkhonto Wesizwe Veterans Group's President Kebby Maphatsoe made a statement that non of their members were interested in private business interests, which contradicts the confirmation made by Johannes Motseki who is a close friend to Duduzane Zuma by having a steak in Dixie Investments which has 5% shareholding at Islandsite Investments 255, a subsidiary of Oakbay Investments. this shows part of shady dealings and policy violations amongst groupings and individuals.
Like we already mentioned that the Guptas Bought Shiva Uranium last year, new information has come on hand according to M&G and the figure which has been revealed is that they bought it for $ 37 million and co-ownership is between Islandside 255 and Oakbay Resources and Energy.
Shareholding
Islandside holds 26% and controlled by Duduzane Zuma and Rajesh Gupta
Two MKlinked Veterans associations and Motseki's Dixie Investments control 5%
According to iafrica.com, according to Sandile Zungu (also involved in the ArceloMittal BEE deal), Duduzane owns less than 50% of the investment company and Rajesh Gupta between 20% and 26%. Mabengela holds a 12.5% stake in the Ayigobi consortium.
Imperial Crown Tradiding (ICT) was controversially awarded prospecting rights to exploit 21.4% interest in Sishen iron-ore mine over Kumba iro-ore, and it is chaire by Lazarus Zim. Jagdesh Parekh has 50% share and Prudence Mtshali who happens to be the deputy president Kgalema Motlanthe's romantic partner is a shareholder
the Gupta's have entered into a new media venture with Essop Pahad through their newly established TNA media, which publishes the ANC friendly New Age newspaper which more often publisise Shiva Uranium advertisements. Atul Gupta is the chairman of TNA and Essop Pahad and Lazarus Zim are part of board of directors.
Rajesh Gupta and Duduzane Zuma are on a mission collecting mining companies and explorations all over the country. The Gupta bothers Ajay, Atul and Rajesh immigrated to South Africa in 1993 and a year later they became South African citizens, the bottom line is they do not meet the BEE criteria, despite that fact they continously manage to score points for BEE consideration while acquiring business deals fronting with the likes of Duduzana Zuma the state president's son and the powerful Lazarus Zim.
the Guptas have expanded their businessesranging from mining, media, real estate, and aviation. the question is how the ordinary citizens of this country can stand againsttwo powerful families owning almost half or more of the Gross Domestic Product of the state?
Is this how our democratic country has come to?
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