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Two Gupta-linked Saxonwold mansions go back on sale

Published

The two Johannesburg homes belong to Confident Concept, a company linked to the Gupta brothers. Asking prices are R7 million for a seven-bedroom house and R8 million for an 11-bedroom neighbour. Business rescue practitioner Kurt Knoop says the money will help pay creditors.

Online advertisements say lower offers may be considered. A private sale of the properties fell through last year. It was agreed at 46% below the municipal value.

Knoop, of Manci Knoop Financial Services, is the business rescue practitioner for Confident Concept. He said: "We’ve been battling to find buyers due to the stigma associated with the properties, and because of the poor state they’re in". He said he hopes to have a sale soon.

Atul Gupta and Rajesh Gupta are wanted in South Africa on money laundering and fraud charges. The Guptas and former president Jacob Zuma have denied any wrongdoing.

Key facts

Who
Atul Gupta (one of the Gupta brothers, wanted in South Africa on money laundering and…); Rajesh Gupta (one of the Gupta brothers, wanted in South Africa on money laundering and…); Ajay Gupta (one of the Gupta brothers); Kurt Knoop (of Manci Knoop Financial Services, business rescue practitioner for Confident…)
What
Two multimillion-rand homes in Saxonwold, Johannesburg, owned by a company linked to the Gupta brothers, were listed for sale on Wednesday, with asking prices of R7 million and R8 million. A business rescue practitioner says proceeds will help settle creditor claims.
When
21 October 2026
Where
Johannesburg, Saxonwold, South Africa
Status
Reported

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