22 March 2016
The Gupta family welcomes ANC NEC Review
Issued on behalf of the Gupta Family
Johannesburg, South Africa – Tuesday 22 March 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."
"It would be inappropriate for us to comment any further until publication of the findings."
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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.