Cape Town – Two Johannesburg mansions linked to the Gupta brothers have returned to the property market for a combined R22 million, nearly 62% below their combined municipal valuation, after a private sale agreed last year fell through.
According to Billionaires.Africa, the properties in Saxonwold are being marketed for R10 million and R12 million respectively. The seven-bedroom residence features an indoor swimming pool, an outdoor entertainment area and a mini cricket pitch, while the neighbouring 11-bedroom mansion includes a cinema lounge, beauty parlour and rooftop terrace.
The combined asking price is substantially below the properties’ municipal valuations of approximately R58.5 million.
Bloomberg, said the latest listings follow a private sale involving three properties that was announced in August 2025 but subsequently collapsed.
Kurt Knoop of Manci Knoop Financial Services, the business-rescue practitioners handling the sale for Gupta-linked company Confident Concept, said the properties had struggled to attract buyers because of their history and condition.
Prospective buyers
“We’ve been battling to find buyers due to the stigma associated with the properties and because of the poor state they’re in,” Knoop told Bloomberg.
He added that discussions with prospective buyers were under way and expressed hope that a sale could be concluded soon. Proceeds will go towards settling the company’s outstanding debts to creditors.
The properties’ troubled sales history was also documented by SABC News, which reported in July 2025 that only one of three properties in the compound attracted a successful auction bid. The three-bedroom house sold for R3.3 million, while the larger residences failed to secure buyers at the auction.
The Saxonwold compound became synonymous with South Africa’s state-capture scandal, which centred on allegations that business interests linked to the Gupta family used their relationship with former president Jacob Zuma to influence government appointments, decisions and state contracts.
Identification and proof
Evidence presented to the judicial commission led by former chief justice Raymond Zondo included allegations that government positions and financial inducements were offered during meetings at the properties. The Guptas and Zuma have denied wrongdoing.
The brothers left South Africa in 2018 amid mounting scrutiny of their relationship with Zuma. Atul and Rajesh Gupta were arrested in the United Arab Emirates in 2022, but a UAE court rejected South Africa’s extradition request in 2023.
An open house is planned for prospective buyers, who must provide identification and proof of funds before viewing the properties.
The relisting highlights the continuing difficulty of disposing of assets associated with one of South Africa’s most consequential political scandals, with the properties’ history and deteriorated condition weighing on their marketability.
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Compiled by Betha Madhomu
