A Gupta-linked company that secured prime Sandton property for development in a cushy deal with the City of Johannesburg has lost a court bid to halt its liquidation.
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STATE CAPTURE: Gupta lawyers bow out as IDC’s R287m fight against Oakbay rolls into year fiveThe withdrawal of Vasco De Oliveira Attorneys from the Guptas’ legal battle against the Industrial Development Corporation comes amid other changes that have fuelled speculation that the Guptas may be battling to financially sustain their litigation battles in the country.
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NADINE DREYER | Is it Usain Bolt? Is it a fleeing Gupta? No! It’s the savannah’s super speederThe cheetah, the fastest land animal, can reach 100km an hour in about the same time as a Formula One car
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NADINE DREYER | Is it Usain Bolt? Is it a fleeing Gupta? No! It’s the savannah’s super speederThe cheetah, the fastest land animal, can reach 100km an hour in about the same time as a Formula One car
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Comair suspends all flights: South Africa’s Comair suspends flights until funding securedJOHANNESBURG, May 31 (Reuters) - South African aviation company Comair, a franchise partner of British Airways, said on Tuesday it had suspended all flights until it secures additional funding.
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East Africa a thriving hub for property investmentsSOOMAYA JOSHUA | While there are certain headwinds facing global debt and equity markets as well as geopolitical tensions, we are confident that the East African property market offers clear value for investors.
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South Africa signs private power deal with Norwegian companySouth Africa made some progress toward adding new generation to its underpowered electricity grid, signing power purchase agreements for 150 megawatts of capacity from private projects by developer Scatec ASA that were selected a year ago.
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