We announce today our intention to sell all of our shareholding in South Africa by the end of the year.
JOHANNESBURG, South Africa, August 27, 2016 – The Gupta Family said:
Since our decision to step down from all executive and non-executive positions in all our South African business in April 2016, the local management team has grown our businesses from strength to strength, with turnover and profits showing good growth and more jobs created.
As a family, we now believe that the time is right for us to exit our shareholding of the South African businesses which we believe will benefit our existing employees, and lead to further growth in the businesses.
As such, we announce today our intention to sell all of our shareholding in South Africa by the end of the year.
We are already in discussions with several international prospective buyers and will soon be in a position to make further announcements.
We believe that this decision is in the best interests of our business, the country and our colleagues.
Johannesburg, 14 August 2016
The National Execitive Committee of the African National Congress met from the 11th to the 14th August 2016 at the St. George’s Hotel, Irene, Tshwane. The National Executive Committee completed a vigorous, honest, open and thorough assessment of the local government election outcomes.
In particular the NEC analysed the ANC overall performance and appreciated the winning of wards in many municipalities. We were nevertheless disappointed at the loss of a number of key municipalities and failing to retain our majority in the metropolitan municipalities of Tshwane, Johannesburg, Nelson Mandela Bay, Ekurhuleni and other municipalities.
The NEC reaffirmed the commitment of the ANC as the liberation movement and governing party since 1994, to continue the agenda of transforming South Africa from an oppressive and exploitative society to a democratic South Africa that is free, united, non- racial, non-sexist and prosperous. It was noted that our poor performance in the 2016 local government elections is a serious setback to the cause of social transformation.
The NEC unanimously agreed to take collective responsibility for the poor performance of the ANC during the elections and resolved to take immediate and bold actions to address the weaknesses and shortcomings that led to the decline of our electoral support.
We are convinced that the African National Congress remains the hope of the vast majority of South Africans, black and white, and particularly those who are still trapped in poverty and other social ills inherited from apartheid colonialism.
The NEC viewed the outcome of the elections as a clarion call of the people to the liberation movement to urgently take steps to speed up the programmes of change, and rectify the many subjective weaknesses affecting its capacity to play its historic role.
This requires serious, objective and robust introspection within the movement itself, starting with the leadership at all levels.
The NEC believes that arresting the electoral decline would require the ANC to immediately and courageously embark on bold strategies to re-energise our structures and supporters. This will require us to deal with perceptions of the ANC being arrogant, self serving, soft on corruption and increasily distant from its social base.
As a result the National Executive Committee resolved to take measures to address the challenges experienced during the campaign some of which are reposnsible for our poor performance. The people have spoken and we acknowledge and accept the message.
In this regard the following are measures the ANC will be implemented with immediate effect;
1) The NEC will visit all provinces to meet with ANC and Alliance structures; different sectors and communities to deal with the concerns being raised by the people;
2) The NEC will investigate and act on all instances where there was violation and even manipulation of the Candidate Selection Process (including where the choice of communities was undermined). We will take action against all who were involved regardless of positions they hold in the organisation.
3) The NEC resolved to task the National Officials and the National Working Committee to take urgent measures to rid the movement of factionalism across the board – including in the NEC.
4) The NEC mandates the National officials to lead the process of establishing cooperation with other parties that share and pursue a progressive transformation agenda to better the lives of our people.
5) The organisation will immediately embark on training of our councillors to ensure that they lead our municipalities in the interests of the people, provide services to the people and maintain high levels of revolutionary discipline and integrity;
6) The NEC resolved to put in place mechanisms that would monitor service delivery across all spheres and ensure accountability of all deployees for actions or inactions in the execution of assigned responsibilities.
7) Although these were local government elections, some national issues dominated public discourse. NEC resolved to mandate government to take urgent steps to bring stability and policy certainty in State Owned Companies such as SAA, SABC and ESKOM. Relevant government deployees are expected to report on these matters at the next NEC meeting.
8) While noting the efforts to rid our society, government and the private sector of corruption and its associated consequences, the NEC calls for an approach that will effectively deal with this cancer, without fear or favour;
9) Government will accelerate the implementation of the NDP and other agreed programmes to stimulate economic growth to create jobs, particularly for young people. This must include implementation of youth empowerment programmes outlined in various government departments;
10) The NEC calls for an accelerated interaction between government, the private sector, organised labour and other sectors of society to develop a partnership programme for youth empowerment and increasing productive investment in key sectors of the economy.
11) Government has been mandated to speedily conclude the NEDLAC process on the National Minimum Wage.
12) The NEC resolved that the principle of no-fee increase in universities should remain in place to give chance to a consultative engagement with all stakeholders in order to arrive at an economically viable and affordable cost of higher education;
13) The NEC resolved to increase organisational capacity in its structures, particularly Organising, Political Education, Communications, Elections, Research as well as Monitoring and Evaluation. Part of these measures must ensure that the ANC fast tracks the implementation of resolutions and decisions taken at different platforms of the ANC.
14) The NEC resolved that to effectively deal with the triple challenges of unemployment, poverty and inequality, government in the coming Cabinet Lekgotla must reprioritise the budget to give effect to the imperatives of the NDP and the 9 Point Plan in particular as an instrument of implementation.
The NEC regards its four-day meeting as the start, rather than the end, of a continuing process of introspection with the aim of re-engineering the ANC. A number of issues were raised and deliberated upon, some organisational and others policy oriented, all of these will be consolidated and processed within the structures of the organisation
Our society is in a continuous process of change and continuity, and our movement is part of that. We call on all sectors of society (including urban and rural workers, youth, women, professionals, intellectuals, religious community and business community) to continue participating in the national project to build a united, non racial, non sexist, democratic and prosperous society.
As we rise from the NEC and having reflected deeply on the outcome of local government elections. We are emboldened by and thank the millions of South Africans who continue to have confidence in the ANC. This we do not take for granted.
The ANC also expresses its deep appreciation to all our volunteers, supporters and our Alliance Partners who worked diligently and tirelessly during the election campaign. A special word of appreciation to the Independent Electoral Commission for once again delivering free, fair and credible elections.
While the Elections were relatively peaceful, the ANC condemns in the harshest possible terms incidences of violence leading to the elections, which led to a number of killings. The NEC sends its deepest condolences to the bereaved families and calls on the law enforcement agencies to act speedily to bring the perpetrators to book.
The NEC has listened to the voice of the people as reflected in the election results – and, with humility we have heard them and accept their judgment.
We remain confident that this 104 year old organisation, working with the people, has the political will and capacity to overcome its challenges and re-energise our people for the tasks that lie ahead.
We reaffirm our deep commitment as the ANC to leave no stone unturned to make sure that as we advance towards next national and provincial elections and beyond, we will continue to work together with our people to address all the socio-economic challenges that still bedevil our land.
African National Congress
Zizi Kodwa 082 330 4910
This is one of these days where the legacy of a grand party of old is faltering in the midst of controversy and agony. You might still have the National Assembly and have fellow loyal comrades in state-owned organizations and companies. Still, the vision of the ones legendary party is dwindling. The ANC of the liberation struggle isn’t there anymore. The ANC of today is of a bloated ruling regime under His Excellency Jacob Zuma.
The ANC lost their way when they went haywire with Thabo Mbeki and chose to change guards with Jacob Zuma. Through the meagre display of character from Mbeki, that even at one point co-sponsored a draconian regime under President Mugabe and his then newly vice-president in Tsvangirai. This together with the corrupt behaviour accepted against the original will of the party when the cronies of Party sold the soul of the party for the Anglo Leasing monies back-in-the-day.
The then giddy ANC Youth League (ANCYL) leader Julius Malema we’re supporting to get rid of the loyal guards and triggers to galvanise the party with his running mate Jacob Zuma. This lead way to the destruction of Mbeki; they tarnished him for corruption and weak leadership skills as he came from the old-school ANC who brought them liberty. The new ones we’re ready to take and eat without the work. The ANC became the men who lead without impunity and honour of codes of conduct.
So later the relationship between Zuma and Malema also started to falter and become hazardous. They even suspended him for his ambition as he was one of the men who got the now President support for his position; decided to suspend him and therefore the creation of Economic Freedom Fighters (EFF) begun, the socialist and nationalistic party started by a man who loves to wear Louis Vuitton from top to toe. The LV socialist of RSA and with that he still asks for the same nationalize mines and generate trade while wearing and owning expensive suits.
The other character created by the maladministration of ANC. The Zuma elite who have made Oakbay Investment and the Guptas powerful; they have gotten both economic and political capital in the country. The institutionalized control as the family of Zuma even got hired by the companies run by the Investment Company. The ceasing of trust in Finance Minister who created stability and stopped the Executive from buying Private Planes on the Government funds and public billing of even his home in Nkandla; the Presidency of Zuma have been targeting goals of open corruption and alleged corrupt behaviour in an extent that are not healthy.
Also with the extended control of the coverage of South African Broadcasting Company (SABC) who is not allowed to cover demonstrations and suspending, even sacking journalist who doesn’t want to follow the new codes as the CEO of the SABC even resigned in the controversy. The SABC is a long line of political control of the ANC where the Government Institutions are used to ploy the agenda of the government and not serve the public. The DPP have been addressing concerns, but the President has answered with only answering court orders in Parliament. The Courts have ruled and he has still not given in. The National Assembly have had motions of no confidence in President Zuma. Still, the ANC have defended him and not given in. The MPs of the National Assembly together with the ANC branches have defended their leader. Even if the ANC Stalwarts and the ANC Elders that we’re part of the liberation from Apartheid have asked for Zuma stop down and save the party. Still, the leadership haven’t listened to the men and woman on the side-line since they have sounded like the EFF and DA.
The Democratic Alliance (DA) have gotten a new blood and new leadership which shows the new generation of politicians that actually speaks of the same progress and society as the old ANC. Something that hurts the ruling regime as they just want the power, but not build a nation anymore. They have the duty and kept the cronyism instead of managing the country and its institutions. The ANC have been more busy keeping power and feeding their loyal businessmen then creating new governance and government programs to continue the liberation of 1994.
The ANC had back in the day a role, a leadership and an ethical backbone with leaders and progressive codes of governmental work to mend fences and create a peaceful rainbow-nation that the Apartheid government fought a little White minority. Now the ANC have created a Black new minority who works with the party to gain economic advantages compared to the ones that are keeping themselves with somebody else.
Back in the day the DA where a “White Man” party, but with time they have become the sound of difference from ANC who has sold themselves to the corporate and embezzlement business and political framework instead of representing the people. Therefore the Local Government Election of 2016 is showing that the ANC doesn’t own South Africa and South Africans. They never did own them, they we’re holding the mantle and had the men that the South Africans did trust. But with time the leadership of ANC, the ANC NEC and all the branches forgot the key to keeping the mantle. The people are the key to any political party.
The ANC had the mantle, had the reason to be the liberation and the party making their role for a peaceful transition and make the South African Nation into the Democratic and Economic power-horse it has been. But with time it was easier to trade to Eskom agreements to loyal businessmen in Oakbay Resources than doing it fairly on the open market. The same happen with other government businesses and therefore the value of Rand is falling and the inflation is not in order. The overall rating of the economy have been falling over the years and the ANC have forgotten the way to be accountable and transparent as the changes of Financial Minister has even been influenced by cronies to the party.
With all of this with the rise of the DA and EFF, Mmusi Maimane of the DA who been battering and excoriating the deficiencies in the ANC leadership and questioning their decisions that even made the ANC naked in public as the tuition fee protest of 2015, even showed the ANC government hid the “white-paper” made few years before with the answers to the conundrum of establishing better and more respectable fees for the students in South Africa. Together with other cases the dismay of the erratic behaviour have been seen and not been favourable for the President Zuma or the Minster Blade Nzimande of Ministry of Education for Higher Education and Training.
If you put all of this recent history together with a bunch of others factors that are not even mentioned. The arrogance and orderly thinking that the poor and living in townships automatically votes for the ANC; that is not the case anymore as the people can change their stance towards the liberators. That is shown in townships and the major towns of South Africa that now are from this election run by the DA and not the ANC. This is Port Elizabeth, Tshwane, Nkandla, Johannesburg, Cape Town and others where the DA have won the leadership.
Therefore the ANC have to find them as they might still run the National Assembly, but on the grass-root level their majority is dwindling because of their forgotten pledges and loose accountability. The little progress and forgotten lost-generation of students and activist who has lost faith in the ANC. The long lived liberation cannot sustain the new generation who didn’t see them succeed the oppressive government of the past. The ANC have worked and will for a long time ahead have a special place in history and contemporary place in South Africa and for South Africans. But, they do not own South Africa where they represent South Africa and the South Africans. This is something any party can if they pledge and promise positive change through different political framework than the ANC. That is why the DA have conquered and won this Local Government Election in South Africa. Because they feed into the dissolution the ANC have gotten to many people in the Rainbow Nation.
The DA and certain parts of EFF have caught up with the legacy of the ANC and eaten into the citizens who want to see less unemployment, better education and better infrastructure. Where the government fulfil the citizen’s needs and make sure the industry and economic future is for more than the elite and the corporations, but for the people. That is the people left behind by the loss of this election. This is the reaction to the corrupt behaviour and impunity of the central ANC leadership. That is why the ANC lost the Election in 2016 as they didn’t accept to be bushwhacked another term by leaders who doesn’t serve others then themselves and their cronies. The ANC has lost touch and become something the liberators never wanted to see. A political party who has eaten the state and taken care of the institutions where the ANC runs them for themselves and not for the citizens… something the citizens doesn’t accept over time and when DA and EFF says they want to change that therefore they voted for them instead as the service record of ANC have been lost with time. The loss now for the ANC is not their legacy, but their present affairs and their reputation.
What the ANC did at one point is noble and honourable, but the leader of today and MPs doesn’t show the same ability to serve and wishing to create the nation that the ones who fought for the freedom did. Therefore the citizens in their right have provoked the ruling regime and party in their constituencies to say: you do not own South Africa, you might have ruled over since 1994, but now it is time for somebody else to rule. This is because the ANC or you have become ghastly greedy on public funds instead of building more for the citizens. Time for the ANC NEC and ANC branches to change this effort and begin from the grass-root to involve the public and generate positive change. If they don’t then the lost-generation after the liberation might turn away for every, while the young ones who never saw and felt the oppressive behaviour never feels the need to vote for the Old-Party with the legacy of liberation. ANC have had the upper-hand. That hand is now played out. They might have solid foundation, but that is not there forever. The ANC can rise again, but then they have to go back to the reasons for why they exist and the Madiba ethics. Where the citizens can see the economic and transparent model for progress has to come back to the people. Peace.
“18 April 2016 – The ANC launched its election manifesto in Port Elizabeth this weekend, amid growing calls for President Jacob Zuma to resign. Struggle stalwart Denis Goldberg has been openly critical of Zuma’s leadership and has called on him to step down” (eNCA, 2016).
JOHANNESBURG, South Africa, March 22, 2016 – Regarding the release of the ‘Statement of the African National Congress following the National Executive Committee meeting held 18-20 March’, the Gupta family said:
“The Gupta family welcomes the decision of the ANC to investigate the alleged capture of the state by any business entities.
We welcome this process which should ultimately allow the truth to be recognised and end this current trial by innuendo and slander. We will fully cooperate with the Office of the Secretary General during the information gathering process.
We reiterate our support for the country’s Constitution and the rule of law and believe state capture from any quarter should be condemned. We remain committed to the overall well-being of South Africa and all its citizens.”
It would be inappropriate for us to comment any further until publication of the findings.”
About Oakbay Investments and the Gupta family
Oakbay Investments (OakBayInvestments.co.za) has invested more than R10 billion in South Africa. Oakbay Investments is 100% transparent – all numbers have been verified by one of the world’s most respected accountancy firms.
The Gupta family has a 23-year history of strong business performance and turnaround skills. This strong performance has come almost entirely via successful activity in the private sector, with less than 1% of the Group’s revenue coming from government contracts.
Sector diversification has also enabled Oakbay companies to deliver consistent growth and job creation throughout times of both economic boom and bust.
For example, 47,000 jobs have been lost in South Africa’s mining sector between 2012 and 2015. In contrast, Oakbay’s mining companies have created 3500 of jobs in the sector.