Skip to content
Search

Latest Stories

Zuma confirms initiating newspaper, TV channel ideas with Indian origin Guptas

FORMER South Africa president Jacob Zuma has said that he initiated the idea that led to the controversial Indian-origin Gupta family establishing their media empire, which has since collapsed.

Zuma said he had conceived the idea of having an "alternative media" in South Africa because "the media in this country is very biased; at all material times, just critical".


He started his long-awaited testimony on Monday (15) before the Zondo Commission, which is inquiring into allegations of "state capture" during his rule.

Zuma said the African National Congress had been trying to establish some media as an "alternative" voice, but despite trying by partnering with other people, this had never worked.

He had then suggested that a newspaper be established, which the ANC had agreed to. This led to him approaching the Guptas with the idea.

"They seemed to be warm to the idea" Zuma said, adding that he and ANC secretary-general Gwede Mantashe met the Guptas to further discuss the idea. "When (the Guptas) were ready with the idea, they said to me: 'Give us a name; we don't know what to call this newspaper'."

He gave them some names of newspapers during the freedom struggle, from which they selected 'The New Age'.

"When this paper was operating and really being appreciated in this country to bring in an alternative voice, … I wondered whether I could push them further," he said. "I suggested the paper to them; I suggested the (TV) channel (ANN7).

The Guptas partnered with a media house in India to establish the ANN7 channel, which was closed down after allegations of their involvement in "state capture" emerged.

The New Age was earlier first sold to an individual with controversial vendor financing from the Guptas, but also shut down after being economically unviable.

"Somebody can then say we were abusing this friendship. It was never the other way round," Zuma said.

"It's me who put them into trouble because I said your paper is so successful and so your TV thing can be successful.

"They agreed and said it's a good idea and they moved on it. There was no law broken there. There was no wrong thing done," he said.

"ANN7 brought fresh air in the country in terms of reporting; in terms of putting across progressive ideas," the former president said. "It was never a back door thing or there's corruption about it. Never."

Zuma resigned as president in February last year after huge outcries over his alleged involvement in corrupt and illegal activities that left a number of government departments bankrupt.

He was replaced by president Cyril Ramaphosa, who was subsequently re-elected during national election.

The commission had heard evidence from a number of witnesses, including former ministers of state, implicating Zuma in a range of activities, among them his closeness to the three Gupta brothers who allegedly fleeced a number of government organisations of billions of rand. Zuma has repeatedly denied these allegations.

The family, originally from Saharanpur in India, rose to power in the IT, mining and media sectors after coming to South Africa as the new democracy dawned under president Nelson Mandela.

They have since relocated to Dubai amid calls for them to come and testify before the Commission.  The eldest brother, Ajay Gupta, earlier offered to testify in camera but not in person, which was declined by the chairman of the Commission, Judge Raymond Zondo.

A number of former senior members of government testified that they had been told by the Gupta brothers about their imminent appointment by Zuma about their appointment as ministers even before the former president had called them.

(PTI)

More For You

BP-Reuters

Fourth-quarter profit dropped 61 per cent compared to the previous year, marking BP’s weakest results since Q4 2020, when the pandemic reduced global oil demand. (Photo: Reuters)

BP reports lowest quarterly profit in four years, plans strategy reset

BP reported a quarterly profit of £943 million on Tuesday, falling short of expectations and marking its lowest in four years.

The company said it plans a "fundamental reset" of its strategy, days after reports that Elliott Management had taken a stake in the oil major.

Keep ReadingShow less
Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less