Duduzne says the proceeds – expected to be around 55 million euros – will go to a program creating sustainable jobs for young people.

Allegations of corruption and shady deals continue to swirl around the Guptas.

A month ago Duduzane Zuma insisted he had no regrets about his ties to the wealthy Indian family.

Accusations of state capture leveled against them include those from within the ANC’s senior ranks.

Duduzane said he would partner up with the Guptas again.

Leaked eMails show Duduzane was deeply immersed with the Guptas. They helped him buy an expensive house in Dubai  and paid for his wedding.

He was a director of 21 Gupta companies but has resigned from the boards of most of them in the past year. He is still a director of seven of their companies that seem to have stopped trading.

South African banks have closed their accounts with the Gupta firms citing ethical considerations.

British public relations firm Bell Pottinger’s been expelled from the professional PR organization in that country because of unethical work they did polishing the Guptas’ image.

Duduzane did not specify why he’s selling his Oakbay shares, neither did he give details about how the youth programme he was proposing will operate.

The post President Zuma’s son sells his shares in Guptas company appeared first on Jean-Jacques Cornish.

The workers say they will lose their jobs at the end of May if  bank accounts of the company owned by the wealthy Indian Gupta family remain closed.

ends intro

The staff, who say they number 7,500,  insist in an open letter to South Africa’s four major banks that they’ve done nothing wrong.

They’re not wealthy or politically connected and they certainly have not engaged in state capture.

The letter follows appointment of a world-renowned public relations company Bell Pottinger by Oakbay chief executive Nazeem Howa who’s failed to secure a meeting with the banks.

They cut ties with Oakbay earlier this month in the political heat generated by mounting allegations that the Gupta family improperly tried to make appointments to the South African Cabinet.

The Guptas elevated Zuma’s son Duduzane to a directorship of Oakbay.

Duduzane’s resigned from that post. The Guptas have also quit as directors of Oakbay and left the country.

The staff say they don’t  know if any of the allegations against the Gupta family or Oakbay’s management are true. They don’t care.

They simply want to  provide for their families.

They say they’ve been told by Howa that if Oakbay’s bank accounts are not reopend, they cannot be paid and Oakbay cannot pay its bills.

The post Oakbay employees urge banks to re-engage appeared first on Jean-Jacques Cornish.