Gupta-owned company Oakbay Investments has sold its mining interests, in the form of Tegeta Exploration and Resources, Swiss-based Charles King SA for R2.9 billion.
The buying company is registered in Switzerland as trading in fashion products, clothing and shoes, thus bringing up even more questions than before.
This follows the announcement on Monday that the company had sold its media interests to former government spokesperson Mzwanele Manyi for R450 million.
Swiss company records reveal that Charles King SA was created in 2011 in order to manufacture and distribute the fashion brand Charles King Paris.
But records show that its company goal was amended on 27 July to include holding interests in industrial or commercial companies.
It was in that same week that Manyi was made a director of Lodidox, which bought ANN7 and The New Age from the Guptas.
Oakbay says in its statement that Charles King SA is owned by Amin al Zarooni but he doesn’t appear in the company records.
Instead, the company has a sole director - Ronald Alfred Beau.
While little is known about him, Beau does feature in the Panama Papers and is linked to several companies based in tax havens.