Catwalk to coal mine: Gordhan says it seems Tegeta’s new owner is a fashion player
What do we know about Charles King’s owner, Amin al-Zoorani? Not much - and the company’s corporate history has more holes than a slice of Emmenthaler
What do we know about Charles King, the company buying Tegeta Exploration & Resources for almost R3bn from Oakbay? Not a whole lot, actually. And very little is know about its owner, Amin al-Zarooni, though ANC MP Pravin Gordhan says he has received a tip that Zarooni is a player in the fashion world. Charles King does not have its own website. It was founded in 2011. The only management listed for the company is Ronald Alfred Beau — presumably the same Ronald A Beau of Beau HLB, a financial services company offering “a full range of fiduciary services for corporate and private clients”. It has a capitalisation of Sf100,000 — that’s a little under R1.4m at Wednesday’s exchange rate, and a lot under the Tegeta sale price of R2.97bn. Oakbay’s statement made no mention of whether this deal was vendor financed, as in the sale of its media assets to Mzwanele Manyi’s Lodidox. From catwalk to coal mine? Wednesday’s statement quotes Charles King owner Amin al-Zarooni. What do we know about ...
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