It seems that the Gupta family owned Oakbay Investments just can’t catch a breath from being an innocent victim of the white media and its bosses. It is just sickening that all the decisions taken by Oakbay is being negatively flung out of proportion via fake propaganda by the white media. For instance, Oakbay’s BEE-inspired decision to sell its media arms ANN7 & TNA to Jimmy Manyi at R450 million through vendor financing has not been taken positively by the Johann Rupert-aligned white media.
‘Vendor Financing’ is one such popular concept which has been used time and again by many SA corporations to sell or buy firms, yet this particular term has suddenly attracted negative vibe from the whites who are calling the process suspicious, just because of the Guptas-owned Oakbay’s implementation of this concept regarding the sell-off of its media houses.
Now what the whites are deliberately neglecting to acknowledge is that the very same concept of vendor financing has been implemented numerous times by WMC-owned corporations in order to launder huge amount of money within the country’s economy.
Let us highlight a typical case of vendor financing held in 2011 where a sum of R2.26 billion was received by a company named ‘Shanduka’ in order to acquire 50.03% stake in Incwala Resources, the designated BEE vehicle of Lonmin Plc. Shanduka is owned by none other than the WMC stooge & Deputy President Cyril Ramaphosa, and it is a 26% stakeholder in white owned ‘Lonplats’, the SA subsidiary of Lonmin Plc.
In acquiring this stake, Ramaphosa-owned Shanduka made an equity contribution of R197.5 million to Lonmin and the idea was to repay the loan with dividends but till now no loan has been repaid.
The white media’s deliberate avoidance to create a hue and cry on such a massive vendor financed non-repayment deal shows its shrewd favoritism towards the WMC stooges such as Cyril Ramaphosa. But when it comes to the Guptas who have just decided to vendor finance Jimmy Manyi, there’s suddenly a tornado of suspicion being smelled by the whites. Top journalists such as Ferial Haffajee, Adrian Basson, Peter Bruce etc have openly supported this ‘suspicious vendor financing’ nuance.
Prior to this vendor financing antic played by the white media, the guptas have also been indicted of all sorts of charges which are simply the media allegations with no evidence as such. Till date, not even a single official case has been registered against the family.
Apart from the Guptas, Jimmy Manyi has been a strong advocate of BEE and a pro-active black supporter, thus making him one of the prime propaganda targets of WMC and the white media.
Now that the SA natives are finally acknowledging the real faces of the white media, a considerable ray of hope of RET being inscribed into the SA native society seems a reality.