How some careless name-dropping by Sahara Holdings wrecked an Angolan oil deal.

Leverage is what they call it when political connections win you that government contract. But leverage in South Africa isn’t necessarily leverage elsewhere, as Sahara Group bosses Atul and Rajesh Gupta discovered when their over-hasty name-dropping and careless use of company names lost them their bid for a lucrative oil concession in Angola.

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