Mailbox: Epic battle for treasury – the Zupta’s treasure hunt

From Biznews community member Daniel Sutherland

Pravin Gordhan, South Africa's new finance minister, speaks during a media briefing in Pretoria, South Africa, on Monday, Dec. 14, 2015. South Africa's government was left trying to shore up credibility after President Jacob Zuma's debacle over who should run the finance ministry called into question his ability to oversee the economy. Photographer: Waldo Swiegers/Bloomberg
Pravin Gordhan, South Africa’s finance minister

I have absolutely no doubt in my mind that Zuma will do everything in his power to remove Pravin Gordhan, using his loyalists in the NPA and the Hawks.

It is about money. Billions of it that the joint entity called Zupta stand to lose if Gordhan remains the finance minister. We must always remember that Duduzane Zuma is a shareholder in all the Gupta companies, he is acting as a proxy for the Zuma family.

There is an anti-Gupta revolution happening in front of our eyes, with the banks that withdrew their banking facilities to the Guptas.

Zuma sent his Gupta blesses like Zwane to try and persuade the banks to reverse their decision. So far the banks have stood their ground.

It is impossible to do business without banking facilities.

Minister Gordhan could also reverse deals like the Denel Asia deal. That alone would lose the Zuptas billions.

Then there is the Russian nuclear deal that the Zuptas really need, because their Shiva Uranium company is not profitable, at current prices, and totally over valued on the JSE.

The Russian nuclear deal would mean billions of rands to Zupta, without them having to move a finger.

Who will prevail?

I don’t know. But it is time to pick a side.

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