His son Siyabonga and business associates benefitted from an oil deal funded by the Public Investment Corporation (PIC) on which he served as nonexecutive board chairperson during his tenure as deputy finance minister.
His wife, according to the Economic Freedom Fighters (EFF), has offshore accounts in Dubai and in Switzerland where proceeds of alleged corruptly attained monies are stashed. As deputy finance minister and PIC chair, he was allegedly captured by the Guptas and worked for them.
He negotiated business deals for the Guptas and “bullied” those who sought money from the PIC, submitting to the demands of the family. He worked with the Guptas and only stopped taking their calls when he became finance minister.