Too Slick Operators

Too Slick Operators

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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Keywords: Gupta Anil Atul Rajesh Oakbay Trust
Oakbay Investments Lazarus Zim Sexwale Afripalm Holdings
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Submitted by : Harri Narismulu of Hillary on 2008-07-09 21:07:01
This is endemic of the johnny-come-latelys that dominate the business scene. They have been sponsored by the apparatchiks in the Presidency whoi they regularly schmooze with with wine, women and song - even if the Prez's dog is a part-time Muslim.
Submitted by : E Steiner of sandton on 2008-07-01 00:17:41
I wonder how zoomie will reward these money hungry 'business men'. But do not worry people, zoomie and indian business men are like bradas, just ask shaky shake
Submitted by : Toni Goncalves of Johannesburg on 2008-06-25 16:07:59
I would not boast about giving stuff to Jacob Zuma.......


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