How South Africa's biggest banks enabled the Gupta corruption machine
Billionaires Africa | 29.05.2026 22:13
The Gupta family arrived in South Africa from Saharanpur in Uttar Pradesh, India, in 1993. Atul Gupta came first, followed by his brothers Ajay and Rajesh. They started with a computer hardware business in Johannesburg and built outward from there, acquiring stakes in media, mining, technology and energy, relying with increasing dependence on contracts with state-owned companies whose senior executives were either appointed by or accountable to President Jacob Zuma, who had formed a close personal and commercial relationship with the family.
