Connect with us

Hi, what are you looking for?


SA Reserve Bank seizes R19.7 million from Gupta-owned Sahara Computers

The South African Reserve Bank has seized R19.669 million from the Nedbank account of Sahara Computers.

Sahara Computers was owned and operated by the infamous Gupta family. It was the family’s first big business venture in South Africa.

It was founded in 1994 by Atul Gupta and served as an independent IT distributor in Southern Africa.

The success of Sahara Computers saw brothers Ajay and Rajesh join Atul Gupta in South Africa to grow the business.

Over the years the Gupta family gained influence with the ruling ANC party which accelerated under the Jacob Zuma presidency.

They hired Jacob Zuma’s son, Duduzane Zuma, as an IT specialist in 2007 and made his twin sister Duduzile a director at the company in the same year.

At its peak, Sahara Computers was a prominent brand in South Africa and sponsored numerous cricket grounds in South Africa.

Celebrity cricketers like Graeme Smith, Shaun Pollock, and Makhaya Ntini served as brand ambassadors for the company.

Sahara Graeme Smith
Sahara and Graeme Smith

The company started to lose support after numerous scandals involving the Gupta family made headlines.

The family became a central figure in state capture and is now linked to numerous corrupt deals which involve Eskom, Denel, and Transnet.

In late 2017 – shortly before President Cyril Ramaphosa defeated Nkosazana Dlamini-Zuma at the ANC’s national conference in Johannesburg – Sahara Computers closed down.

In February 2018, Sahara Computers’ head office in Midrand was for sale, with only three former Sahara employees and a security guard still at the offices.

Three years after the company shut its doors, the South African Reserve Bank has now published a notice and order of forfeiture related to “Sahara Computers (Pty) Limited”.

Reserve Bank Deputy Governor Kuben Naidoo has declared and ordered the forfeit to the state of R19,669,000 and any interest thereon from the Sahara Computers Nedbank account.

The money seized by the Reserve Bank will be deposited to the National Revenue Fund.

SARB Notice and Order of Forfeiture


Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Samsung has failed to convince the North Gauteng High Court that its Galaxy S7 smartphone is not a “telephone for cellular networks”. Samsung brought the case...

Internet & Data

YouTube recently announced that it is experimenting with temporarily removing the dislike button to prevent “dislike mobs” from negatively influencing content and channels. In the last...


Despite consumers often complaining about the low storage on entry-level iPhone models, Apple’s smartphones offer more storage than Android devices on average. This is...


Hon Hai Precision Industry Co. warned that component shortages could persist till 2022 and affect under a tenth of its shipments, amplifying concerns that a global...

Internet & Data

Cell C has launched new Home Connecta Flexi prepaid LTE plans with prices starting at R59 for 5GB anytime data and 5GB after-hours data....


South Africans now have more affordable 5G smartphones to choose from, with prices starting as low as R5,494. According to research firm Gartner, global...


Former South African Airways (SAA) CEO Vuyani Jarana has lost a 2018 bet that his turnaround plan will make the airline profitable in three years. Free...


Xiaomi pulled the wraps off its first official foldable smartphone – the Mi Mix Fold – during the second day of its Mega Launch 2021 event....