Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Gupta-owned company Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based firm Charles King SA for over R2.9 billion.

Charles King SA has no history in the commodities business.

When Bloomberg News visited the offices of Charles King – on the fifth floor above a violin maker and yoga studio – it found it to be virtually empty.

The Money Show’s Bruce Whitfield interviewed Intellidex MD Stuart Theobald.

  • Who are the directors of Charles King SA?

  • Why is its registered address that of a violin shop?

Listen to the interview in the audio below (and/or scroll down for quotes from it).

This entity has only a single director.

Stuart Theobald, Intellidex

For a company that is spending R3 billion… you would want to know more about who is doing this acquisition.

Stuart Theobald, Intellidex

We know the Guptas’ bank accounts have been shut down…

Stuart Theobald, Intellidex

The Guptas might imagine this will solve some of their problems.

Stuart Theobald, Intellidex

The transaction amount looks smaller than I would’ve imagined.

Stuart Theobald, Intellidex

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)


Recommended

by NEWSROOM AI
Read More
Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

A better option to serve black interests, says Warren Thompson, is Patrice Motsepe’s TymeDigital. It won’t cost taxpayers a cent.

Punch-drunk taxpayer? What Minister Tito Mboweni has up his sleeve for us all

Punch-drunk taxpayer? What Minister Tito Mboweni has up his sleeve for us all

Punch-drunk taxpayer? Bonang Mohale (BLSA) and Russel Lamberti (Econometrix) on what Minister Tito Mboweni has up his sleeve.

[Watch] Chinese SUV maker Haval has advertising far worse than its cars

[Watch] Chinese SUV maker Haval has advertising far worse than its cars

Advertising expert Andy Rice slams the ever-improving Chinese SUV maker for its cheap and nasty advertising.

My milkshake brings all the boys to the yard! - Nando's

My milkshake brings all the boys to the yard! - Nando's

Damn right its better than yours! Ad guru Andy Rice loves Nando’s epic new billboard promoting its delicious looking milkshakes.

2 red-hot JSE-listed shares to buy, right now (by Ashburton)

2 red-hot JSE-listed shares to buy, right now (by Ashburton)

The Money Show’s Bruce Whitfield interviews Suvasha Kander, a Fund Manager at Ashburton.

'I’ve never invested in the stock exchange. I know it too well'

'I’ve never invested in the stock exchange. I know it too well'

Bruce Whitfield interviews Prof Lorenzo Fioramonti (UP) about his attitude toward money (hopes, fears, successes, failures, etc.).

Popular articles
'Elite schools in SA are still reproducing bullying and whiteness'

'Elite schools in SA are still reproducing bullying and whiteness'

A discussion on the legacy and experiences of learning at elite, private and model C schools.

'They must release you, we want you outside' Minister Mokonyane tells Omotoso

'They must release you, we want you outside' Minister Mokonyane tells Omotoso

Nomvula Mokonyane tells rape accused Timothy Omotoso that they must release him as he is wanted outside.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.