- An aerial photo of the Gupta family's properties in Saxonwold showed the family-owned seven properties in the area.
- This includes the infamous compound of four properties, and three other properties which among others housed Ace Magashule’s son.
- The properties are set to be sold after the family’s business have been placed under business rescue.
- For more stories, go to www.BusinessInsider.co.za.
The infamous Gupta family - accused of widespread corruption in South Africa - owned seven properties in Saxonwold.
Saxonwold, an upmarket suburb in Johannesburg, is also the location of the family’s infamous compound, where the family met with a number of ANC politicians.
An aerial photo of the Gupta properties in Saxonwold, released by auctioneers, shows that the compound is a collection of four properties, while the family owned three other properties - including a house where ANC secretary Ace Magashule’s son stayed.
The properties are part of the family’s sizeable holdings in South Africa which includes properties in Cape Town and Durban, and commercial buildings in Midrand. The Gupta companies have been placed in business rescue and these properties, along with other assets, are currently being sold off to recover debts. The family's Koornfontein coal mine was recently sold to Black Royalty Minerals.
Also read: Take a look: A Gupta property, previously home to Ace Magashule's son, has been auctioned off
Park Village Auctions’ Clive Lazarus previously told Business Insider that the family’s Optimum mine is set to be sold in the next two weeks.
The compound in Saxonwold is likely the last property to be sold and will likely reach around R20 million, he said.
“The property has a political stigma so it will make it interesting to sell, and it will likely be converted into offices,” Lazarus said.
The family’s property in Constantia is set to reach between R8 million and R12 million, and the Umhlanga Rocks property to reach between R7 million and R9 million.
Also read: These prime Gupta properties will be auctioned soon - including the infamous Saxonwold compound
A private plane owned by the family is also set to be sold in the next coming few months.
The family is accused of having undue influence over government decisions such as cabinet appointments in a bid to advance their business interests.
The Gupta compound in Saxonwold made headlines in 2015 when former Eskom CEO Brian Molefe claimed that he visited a 'shebeen' in the area, after phone records placed him in the vicinity of the property.
Among the many accusations, former deputy finance minister Mcebisi Jonas also claimed that Gupta brother Ajay Gupta offered him the position of finance minister for R600 million during a meeting at the compound in 2015.
Jonas claimed the meeting was orchestrated by then-president Jacob Zuma’s son Duduzane Zuma.
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