Fin24

Khulubuse Zuma's cars auctioned off

2012-04-24 07:59

Johannesburg - Three luxury cars and household goods belonging to Khulubuse Zuma have been auctioned off to pay R10m owed to Protea Coin Security, according to a report on Tuesday.

Zuma is President Jacob Zuma's nephew and one of the directors of Aurora Empowerment Systems, the company which was removed as preferred bidder to buy the insolvent Pamodzi gold mines.

The Times newspaper said BMWs, a flat screen television, a pair of Anthem amplifiers, a dining room table, bar stools, chairs, microwave oven, washing machine and garden table set went under the hammer in Durban on Monday.

The assets, which were auctioned off for R160 000, were confiscated following an execution order brought by Protea Coin.

Protea Coin's lawyer Nic Viviers told The Times last week that the security company could now apply for an execution order for Zuma's immovable property.

The security company was trying to recover the R10m owed by Aurora for services it provided at Pamodzi's Grootvlei mine in Springs, east of Johannesburg.

Aurora - whose other director is Nelson Mandela's grandson, Zondwa Mandela - has been accused of destroying infrastructure at the mines and causing the loss of more than 5 300 jobs.

Trade union Solidarity brought an application to have Aurora liquidated as part of its claim for R3.1m in unpaid wages to workers at the two mines.

 

Comments
  • Jacques - 2012-04-24 08:07

    Not the microwave! How is he going to heat up his pies?

      mpieters - 2012-04-24 08:37

      Top drawer Jacques. Great start to the day!

      Chris - 2012-04-24 08:48

      What makes you think he could keep the pies for long enough for them to get to cold?

      Ray - 2012-04-24 09:23

      How did he fit into those cars?Maybe he took the front seats out,which explains the low prices they got.

      Jacques - 2012-04-24 11:09

      Why thank you, Mpieters! I just saw that picture and thought pie joke, when they brought microwaves into it... I mean, absolute gold!

      Zizzy - 2012-06-06 12:42

      Funny

  • IAnon - 2012-04-24 08:09

    Think you going to scratch long and hard to make up the R10mil - hope Protea Coin will not pass the recovery on to consumers via a premium hike in the near future.

      ttshabalala - 2012-04-24 08:49

      But seriously now.....all assets, including 3 cars (BMWs)fetching only R160 000? I think they took his old stuff that he cares nothing about. I can tell you now, he feels nothing! If they'd taken the expensive cars that we've heard he drives, they'd easily get their R10mil, and that, he would feel. This is not even news worthy....it's really disappointing.

      andrew.arde - 2012-04-24 09:04

      R160k was probably the net figure after the bank finance had been paid off. Remember ownership of things like cars would vest with the bank until they have been paid off. The bank has first claim before other creditors.

      Schmee - 2012-04-24 09:12

      You probably find the seats and shocks were buggered. I mean how long do you expect them to last under that weight.

  • Daniel - 2012-04-24 08:10

    Hahahahahahahaha, I don't even feel sorry for you!!!!

  • tednhet - 2012-04-24 08:17

    SORRY. The microwave has to go.

  • Dennis - 2012-04-24 08:24

    Hahahahahahahaha As Tina Turner once said "big wheels keep on turning" !! Suffer you corrupt stooge suffer !!

      Stirrer - 2012-04-24 09:12

      Nope. That was Creedence Clearwater Revival in "Proud Mary".

      Johan van Papendorp - 2015-03-27 17:28

      Tina dit it as well. Look it up on Youtube.

  • Zinhle Nhlapho - 2012-04-24 08:25

    By the time the Zumas are done with us,they will have enough money to buy their own country.

      Savannah - 2012-04-24 13:26

      Let's hope that happens soon. Wouldn't it be nice if they all left and allowed us to get on with fixing our country?

      Sipho Tshakela - 2015-02-04 04:06

      Tell that to the 62% please Zinhle, perhaps somehow it will make some sense. But I'm not promising you anything, I'm as doubtful as ever.

  • Donny Doncaster - 2012-04-24 08:29

    he's hiding stuff under his shirt..

      Trent Hodges - 2012-04-24 08:49

      Bwhahaha!!!!

  • Jean - 2012-04-24 08:30

    And the microwave??

      tednhet - 2012-04-24 08:38

      Its gone.Sorry for u.

  • Tumelo - 2012-04-24 08:30

    I think khalubuse reflects the value of uncle JZ! These people don't care about anyone but themselves, so brutal and heartless! But guess what? They will be voted back in by the same people they mistreat!

  • Johan - 2012-04-24 09:06

    No problem for him, he relies more on his 10 ton truck to get around. Sell the truck and forklift(to get up in the morning) then we are talking

  • Deon - 2012-04-24 09:28

    Hopefully he has a few properties and watches that can go next.

  • Marlene - 2012-04-24 09:51

    He should be in jail !

  • Pieter Erasmus - 2012-04-24 09:57

    saw this fat cat board of directors on carte blanch sunday, for directors they are not very clever but know how to play the deny and i cant recall game

      Jay - 2012-04-24 12:12

      Hi Pieter, Just like the ANC Cabinet Ministers when caught with their paws in the cookie jars.... Sorry, it is a disgrace to even use the words "Cabinet Ministers" as the future ones also FAILED WOODWORK, so cannot even be called "Cabinet?"

  • Joseph - 2012-04-24 18:38

    He must be stripped off completely. He never worked for anything he owns. How did he get to that business level anyway? How come COSATU failed to take action against these guys for the psychological pain they caused to their Aurora mine employees for so long? Is it because they are related to big guys and no one wants to step on their toes because that could affect political careers of these who wanted to intervene on behave of the poor employees?? Politics ......!!!!

      Sipho Tshakela - 2015-02-04 04:00

      Khulubuse donated a whopping one million rand to the anc for 2009 municipal elections preparations. When Gwede Mantashe was interviewed on Radio 2000 as to why did they accept such a donation from a dodgy character like Khulubuse whilst the employees were starving. His reply was, he donated as an ordinary citizen not in his capacity as the Aurora director. That must tell you neither the anc, cosatu nor sacp cares about the plight of the workers or disadvantaged sector of society. They just pay lip service just to pull wool over unsuspecting communities so as to keep votes coming in large numbers.

  • Graham - 2012-04-27 08:13

    Clearly there were no ghost bidders to bump up the prices. I wonder who purchased the assets...friends of KZ?

  • Zizzy - 2012-06-06 12:42

    This guy is so stupid.

  • Neil Clark - 2015-03-29 20:56

    I think he swallowed everything including the mining equipment...

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