Khulubuse Zuma swimming in oil billions
Fin24

Khulubuse Zuma swimming in oil billions

2014-05-18 12:55

Johannesburg - The controversial business tycoon Khulubuse Zuma owns an oil fortune of R100bn in the Democratic Republic of Congo ( DRC ) which he allegedly acquired through the help of his uncle, President Jacob Zuma.

An investigation by sister publication Rapport has found that the president played a vital role in the decision by DRC President Joseph Kabila to award two oil fields in the northeast of his country to Khulubuse in 2010.

Eight months before Kabila's decree, in which Khulubuse was awarded two of the most prestigious oil licences in sub-Saharan Africa, he met with his South African counterpart in Kinshasa where the oilfields were allegedly discussed.

A high-level intelligence source with knowledge of the relationship between the two heads of state said the meeting in September 2009 occurred while Zuma was on a state visit to the DRC.

According to the source Kabila told Zuma that the untapped oil fields should be used to the benefit of "South Africa, the ruling party and even (the Zuma) family ".

The intelligence source said Zuma did not accept Kabila's invitation to personally benefit from the oil fields. However, shortly after Khulubuse appeared on the Congo oil scene.

Six months after the Zuma-Kabila summit Khulubuse established two companies in the British Virgin Islands.

A month later the two companies, Foxwhelp and Caprikat, signed a joint contract for the production of oil with the DRC government.

Khulubuse said this week that he is not the one that has to respond to alleged discussions between Kabila and his uncle over the oil fields.

Neither Kabila nor the presidency responded to inquiries.

Khulubuse said through his media adviser, Vuyo Mkhize, that as a rule he does not discuss details of his business dealings with the president (Zuma).

On a question about the value of the oil fields and Khulubuse's share in them,  Mkhize said at the current oil price the oil fields are worth R100bn. He did not want to elaborate on the value of Khulubuse's shareholding.

According to a DRC official Caprikat and Foxwhelp paid $6m in "management fees" for the concessions.

* For more on this story and more news in Afrikaans, visit www.Rapport.co.za


Comments
  • Marnus Smith - 2014-05-18 13:02

    money for nothing and your chicks for free.

      Charles Dumbwin - 2014-05-18 14:11

      VIVA ZUMA, VIVA CORRUPTION, VIVA GRAVY TRAIN, VIVA ANC!!! The people have voted, the people want corruption and Zuma and the ANC. VIVA CLEVER VOTERS, VIVA ANC, VIVA CORRUPTION!!!

      SA Citizen - 2014-05-18 14:20

      @Charles.You are right.This is the sort of corruption the voters who voted for the ANC just approved.

      Rob Martin - 2014-05-18 16:12

      Is he not one of the Directors of Aurora who have left the miners stranded?

      Jeremy Forbes - 2014-05-18 17:27

      JZ knows nothing about this, for sure!

      Sandra Rennie - 2014-05-19 14:39

      Are you sure this Guy in swimming in Oil and not Fat ?

  • Davidd Madisha - 2014-05-18 13:04

    What a hell is going on,can someone exlain it properly Hey???????????????

      ryan.holland.395454 - 2014-05-18 13:13

      Yes, we live in a dictatorship disguised as a democracy.

      Vaal Koos - 2014-05-18 13:29

      This calaboose has just made himself the target of the oil-hungry americans.

      Bingo - 2014-05-18 13:30

      Our fellow South African will one day what it is they have voted for. Sadly in a democracy, the people get the govt they deserve. I firmly believe that when all is eventually exposed, it will be viewed as Apartheids little brother in terms of how this behavior has destroyed our wonderfull country at the expense of the already disenfranchised poor. Absolutely sickening but the people are getting exactly what the deserve because they keep empowering the ANC with blind loyalty

      Andrew Terr - 2014-05-18 14:01

      This is no longer the the tip of the iceberg,it IS the iceberg.

      Charles Dumbwin - 2014-05-18 14:11

      VIVA ZUMA, VIVA CORRUPTION, VIVA GRAVY TRAIN, VIVA ANC!!! The people have voted, the people want corruption and Zuma and the ANC. VIVA CLEVER VOTERS, VIVA ANC, VIVA CORRUPTION!!!

      Christian Evans - 2014-05-20 08:20

      Our President is your stereotype African Ruler, that thinks because he is President ,he can do what pleases him and his cronies. Wake up in the next elections, and rid our country of this scum.

  • Kenny Williams - 2014-05-18 13:05

    And I wonder if he was ever charged with stripping the mine before it was sequestrated. Was he ever charged for this and also not paying the mine workers. This Zuma family have no respect or scruples whatsoever. And Jacob Zuma refused money. Then there really has to be something crooked about this deal.

      William MacFarlane - 2014-05-18 13:40

      If you believe booma refused money . Can I interest you in a flying pig farm ? They are well trained and only feed once In their life time .

      Chris May - 2014-05-19 06:19

      Depends on what's flying - the farm or the pigs.

      Kenny Williams - 2014-05-19 20:42

      Well Chris it is certainly not Khulubuse. Not even a 747 would be able to remain airborne with him in it. And William, I obviously DON'T believe that Zuma refused money. Read my last sentence. Zuma would accept money from a beggar he is that greedy.

  • Bongane Bongane - 2014-05-18 13:09

    I'm immensely disheartened by dis!!,zumas famalies are deeply corrupt•its pretty ridiculous 2 believe dis!

      Fannie Mashilo - 2014-05-18 13:11

      Why do you keep on voting for him?

      Vaal Koos - 2014-05-18 13:30

      This man must be stopped!!!!!!

      feikmc.heither - 2014-05-18 14:02

      People vote for the ANC and not Zuma, his time is coming...it's just sad that he'll be an old grumpy man in a jail cell.

      Charles Dumbwin - 2014-05-18 14:11

      VIVA ZUMA, VIVA CORRUPTION, VIVA GRAVY TRAIN, VIVA ANC!!! The people have voted, the people want corruption and Zuma and the ANC. VIVA CLEVER VOTERS, VIVA ANC, VIVA CORRUPTION!!!

      Michael Nelson - 2014-05-18 14:17

      Feik - do you see Mugabe in a jail cell? That's right, it's not going to happen here either! C'est L'Afrique!

      Heinrich Etsebeth - 2014-05-19 07:26

      Yeah... one thing you don't seem to understand... You make your mark next to a party... that party is headed by an individual... indirectly you are voting for that individual who heads the party... so if you voted for the ANC you voted for Zuma... if you voted for Zuma you voted for the continuation of state coffer plundering... And the reason why you might not follow the reasoning behind this is also @ProudlyBroughtToYouByTheANC 30% pass mark at school...

      Babs Putar - 2014-05-20 11:55

      Joseph Kabila, another Mugabe, acts as if the oil fields belong to him personally. The oil actually belongs to the people of the DRC, but so typical of African leaders - they always scoop the cream off the milk, and don't care about the citizens of their particular countries. And suckers vote them into power - time afer time. Just like what happened in our recent elections. Voted for thieves.

  • Reo Cooker - 2014-05-18 13:14

    So feel like vomiting,why is the world so quite about this?Zuma is a pure dictator,not even Gaddafi got what Zuma has.from nkandla,gupta oh Africa spare me.

  • Fannie Mashilo - 2014-05-18 13:14

    And the silent of ANC constituency regarding all this drama implies what at the end of the day?

      Bingo - 2014-05-18 13:23

      Blind loyalty to the ANC really is harming this country. The electorate somehow sees the party and it current corrupt leader as two deprecate entities. Only they can force the ANCs hand and force them to act in a manner worthy of their loyal support

      Charissa Badenhorst - 2014-05-20 15:22

      Implies nothing new doesnt it?

  • Ferdinand Veer Jr - 2014-05-18 13:15

    Now all know why the SANDF is in the DRC and fighting the rebels there. Using the SANDF as a mercenary force to protect the interests of an "individual" in South Africa.

  • Bingo - 2014-05-18 13:15

    The big man and his uncle will eventuAlly get caught. What saddens me most is that there seems to be no move by the honourable ANC members, yes, I'm sure they exist, are not putting pressure for leadership change. Surely the people pulled into the ANC by this populist are well embedded and he is more of an embarrassment than an asset to is country.

      Vaal Koos - 2014-05-18 13:33

      Zuma has tied them up nicely.This man is a modern Dingaan.Ijust hope all our investment in Thuli Madonsela was not wasted.

  • Terry Warren - 2014-05-18 13:16

    This is why we send " peace keeping forces" to DRC. We send undertrained, ill equipped soldiers to die..... Not for humanitarian reasons but to look after the Zuma billions.... It makes me sick. Somebody please remove this scumbag, he is raping our continent!

      Bingo - 2014-05-18 13:21

      Great point, seems he sees this country, it's people and it's assets as tools to simply enrich a few while the poor continue to suffer. Not once has the Givt said there is not enough money or LAN to redress the past imbalances. Income tax cuts every since 94' supports this view. He has created a belief that to redress, they need to take from the haves and give to the have-nots.

      Terry Warren - 2014-05-18 13:25

      The south african tax payers are footing his nephews security guard bill..... Send in the army! Not to help but to look after all his stinking oil! Zuma you are more evil than Hitler, gadaffi and idi Amin put together.....

  • Wayne Anthony Faulds - 2014-05-18 13:19

    With all of this wealth, will the Aurora miners now get what is due to them?

      William MacFarlane - 2014-05-18 13:24

      Wait for the flying pigs to land at waterkloof first . There's more chance of that than the fat onr growing a conscience .

      Lauren MacLeod - 2014-05-18 13:27

      And why are the unions not fighting for these people, is it because of the surnames of the owners??

  • Karabo Juniour - 2014-05-18 13:21

    what the f****k? ......those who voted anc it means they voted for better lyf for zuma's relatives....viva ANC vivaaa.....amandla corruption amandlaaaa

  • William MacFarlane - 2014-05-18 13:22

    Corruption your name is ZUMA . Does this family have no shame or conscience . Just grab as much as you can while in power . Only thing is maybe the fat one will explode from eating to much .

      Babs Putar - 2014-05-20 11:59

      Got to be kidding having a concience. He has no dignity!!!

  • Babakaneo Nkuna - 2014-05-18 13:23

    Mkhwanazi i gues u smoke nyaope

  • Eugene Cussons - 2014-05-18 13:26

    This country is doomed, the ruling regime steals, plunders and rapes its way through our financial resources but the people keep voting them in, how long are we going to take this s**** before we start standing up? I'm ashamed to call myself a south african! Freedom for all? You mean freedom for a new regime not responsible to report to anyone!

  • Vusi Madonsela - 2014-05-18 13:28

    KHULU-BUSE "Grow and reign" ZUMA " GEDLE-YI-HLEKISA "Relax n make us laugh" What will he do without his beloved uncle Jacob he suppose to swim in oil coz the pool is already build.they are rotten people like this dont deserve a status to be known they are the "vampire ATM" they suck our pockets empty.

  • Sechaba Virgil Ndlovu - 2014-05-18 13:30

    Now we know why our soldiers were sent to DRC

      Jaco de Clerck - 2014-05-19 12:31

      well said

  • Lauren MacLeod - 2014-05-18 13:30

    No end to the disgraceful dealings of Zuma. I know of voters who covered his face but still voted for the ANC. He is the ANC and a dictator.

  • Uhone Ndou - 2014-05-18 13:31

    Zuma and family chopping bulk of money

  • Lauren MacLeod - 2014-05-18 13:33

    Jacob Zuma is a disgrace to the legacy of Nelson Mandela and all that he stood for.

  • Chris Du Preez - 2014-05-18 13:35

    It is great to see south africans using opportunities to bring bring dollars into the country. And although south africa army is working in the drc since 2004 it is also great if we can safeguard these massive investments, which although privatly owned like the mines in marikana, still ensure dollars come back into south africa. It is high time we look at oppurtunities within africa before china, usa and europe take everything.

      Jacqui Daane Van Rensburg - 2014-05-19 10:38

      Chris Du Preez. How is South Africa benefiting from an oil company registered in the Virgin Islands by a Panamese group, run by a Swiss attorney famous for defending white collar crime?.

      Annemarie Basson - 2014-05-20 05:38

      Gee, you sure are DOF!!!!

  • olivia.poluta - 2014-05-18 13:36

    And he used it all to buy biscuits

      jungleboy - 2014-05-19 00:34

      100 billion and you can't get laid....life's a real b1tch.

  • Jaco Ehlers - 2014-05-18 13:36

    Anything that s got to.do with showerhead is corrupt

  • Mthandazo Mk Nkiwane - 2014-05-18 13:39

    family always help each other @i dnt see a problem with that.

      Julian Edward Frost - 2014-05-18 14:19

      If you don't see a problem with an individual helping a family member to gain an obscene amount of wealth and sending in the army to protect that wealth, then I have no hope for you.

      Chris May - 2014-05-19 06:28

      People in positions of power/authority may not abuse their positions - he can help his family from his salary, by all means, but not by power or influence to take away from the citizens etc

      Johan Holtzhausen - 2014-05-19 09:31

      I was wondering how ANC got the majority of votes, again. After reading your comment, the answer is clear.

      Jenny Nel - 2014-05-19 19:31

      Thats all very well as long as they do so with their own money. This rotten lot are stealing OUR money! Do you undetstand that??

  • Jaco van Niekerk - 2014-05-18 13:41

    It comes as no surprise and this explains Zuma's interst with the SANDF Peace forces in the DRC. Once again, it prooves his greed to enrich himself. He acts like a child who is not used to sweets at all.

  • Tumi Motlatla - 2014-05-18 13:41

    I don't like Zuma but I do not see anything wrong. Africans giving business to Africans should be applauded. Besides we all know the is always underhand tactics used to seal this big deals anywhere in the world including big companies.

      Julian Edward Frost - 2014-05-18 14:20

      It's not that he gave business to africans, it's that he gave it to his nephew, a nephew who presided over the collapse of Aurora Mines and who hasn't paid the mineworkers what they're owed. Understand now?

      Outa Kontext - 2014-05-19 09:08

      There is something wrong when we send our troops to the DRC to help keep a government in power in exchange for rights to an oilfield. What are we now, USA??

  • Sifiso Sosibo - 2014-05-18 13:44

    Why the media's bringing us an old RECYCLED story NOW instead of prior to May Elections at least???

  • shelley.jennings.5 - 2014-05-18 13:44

    If he's so rich then why is he so fat!??? Surely he can afford liposuction!

      Margaret Cox - 2014-05-18 13:55

      If they sucked the fat off him they could supply a power station for a while!

      Johan Holtzhausen - 2014-05-19 09:33

      Fortunately, the old saying that money cant buy everything or happiness, holds water.

  • Ryan Styles - 2014-05-18 13:53

    Well at least he's stealing from the DRC and not South Africa this time. Makes for a nice change.

  • Frank de Sousa - 2014-05-18 13:55

    Its all good & well if African deals stay with Africans. I'm all for that but where do u think he got that $6mil from. He got it from the Aurora joke where they stripped those mines bare & never paid those 1000s of poor miners who till 2day have seen nothing & are left unemployed. That's the problem. We South Africans do have a short memory. So when U stick up for somebody know where it all comes from & show a little respect for the lives he's ruined.

  • Mike Hahn - 2014-05-18 13:55

    You wonder if this is why we have soldiers there and also losing their lives??

  • Prince Ramalia - 2014-05-18 13:56

    So the SANDF's peace keeping mission in DRC was just a cover to protect JZ's family interest? , no wonder the basted is so fat like a pig. And surely his uncle will deny any involvement yet again

  • Gopolang Dioka - 2014-05-18 13:56

    I hope he owns majority shares in those oil fields! Africans giving business to Africans.... This should be practised more! Atleast they ddnt give those damn violent French those oil fields, or the bullish USA or the exploitative Chinese! Zuma or no Zuma... Khulubuse is an African!

      Julian Edward Frost - 2014-05-18 14:22

      Really? So the corruption and conflict of interests doesn't concern you? The fact that Aurora mineworkers were left high and dry by Khulubuse doesn't concern you? The nepotism doesn't concern you? The fact that South African soldiers are dying to protect a connected individual doesn't concern you?

      Outa Kontext - 2014-05-19 09:15

      You people?!?! what do you mean you people?? Wow you are such a racist. Can I compare all black people to you? Then your people are all racist and stupid (which I know is not true, but that is how racism works). Dont be ignorant, emancipate your mind from mental slavery.

  • Thamsanqa D't - 2014-05-18 13:56

    hahaha.......Zuma on it, our poor soldiers died for Zumas benefit.

      Thamsanqa D't - 2014-05-18 14:11

      another five years

  • antonio.tonin.58 - 2014-05-18 13:57

    Swimming? Hopefully he'll drown in his uncle's fire pool! That tub of lard will of course float, but with luck, face-down.

  • Langa Kapueja - 2014-05-18 13:58

    Eee---o-O-H... What's the fuss? Seems like "business as usual" to me. Ever heard of George Boooooosh?

      Julian Edward Frost - 2014-05-18 14:23

      So because Bush was a hypocrite makes it fine when we do it? Two wrongs don't make a right, nitwit.

      Langa Kapueja - 2014-05-18 15:22

      No, no, no, Mr Frost... I think you got me wrong. All I'm sayin is; I would rather reserve amazement for some other breaking-news... Zuma and his clan are corrupt and not a least bit concerned about our disgruntled howls. I really don't appreciate being called a "nitwit" but I may as well let it pass coz I get what you thought... I'm not a Zuma, Bush or any greedy racist's fan...eee---o-O-H...it really bores me that I have to explain every comment just because of the colour of my skin *YAWN*.

  • Lindy Jeffery - 2014-05-18 13:59

    Fatty, fatty, boom, boom!! Disgusting lump of lard !!

  • Collin Jennings - 2014-05-18 13:59

    Is that Khulubuse or Makuluobesity?

  • Mavisto Sondhlana - 2014-05-18 14:01

    zuma is selfish n just there to enrich his family!

  • Janine Filmer - 2014-05-18 14:03

    I hope he drowns ...

      Margaret Cox - 2014-05-19 19:41

      Nah - he'll float.

  • Espanyol Molefe - 2014-05-18 14:04

    Between him n Mazibuko Lindiwe who is fat

  • Ngoni Mclean Songore - 2014-05-18 14:12

    And this is news bcoz its a black man swimming in billions, the oppenheimers are worth 10 tyms that from the mineral resources of this country wats ur comment on that Rapport

      Mualusi Julius Jnr - 2014-05-18 14:13

      Was it alleged That Zuma assisted the O's?

      David Mn'wanati Maluleke - 2014-05-18 14:19

      No Songore. Stop turning a blind eye. Der is a virus destroying de future of your kids. Use yo brains correctly.

      Luctor Pretorius - 2014-05-18 16:54

      At least the Oppenheimers paid their workers.

  • charl.leroux.73 - 2014-05-18 14:14

    He cannot swim, and in oil nogal. headline is very incorrect

  • Nino Diana - 2014-05-18 14:17

    Hey I am so glad the USA lost out on this one WELL DONE AFRICA .....

      Julian Edward Frost - 2014-05-18 14:26

      So because the US didn't get it the corruption, nepotism and sending soldiers to protect private interests is acceptable? Is that what you think. Wow but you are a fool.

      Carlos Manuel Veloso - 2014-05-19 22:00

      Dino if the americans want this fat bastard would't sell a barrel of oil.

  • Khahlameza Sbisi - 2014-05-18 14:25

    So what? As long as he pays his tax and does not steal from the state

      Outa Kontext - 2014-05-19 09:26

      Agreed, and I could care less if Zuma paid $6 million as a bribe or if he intends on paying his staff in the DRC at all. Thats DRC problems, not SA problems. But ask yourself? Is this why our troops went to die in the DRC?? Is this payment for protecting the DRC government? If so then the ANatsC learned well from their Nats comrades in the ANatsC.

  • Tebza Macingwane - 2014-05-18 14:31

    haai! i doubt he'll manage as he failed at mines. oil is not a child s play to run!

  • Eugene Cussons - 2014-05-18 14:31

    So what you are saying is that if its done by whites its OK then for blacks to do it, ITS ALL GOOD! Right? So lets just let the crime continue right? Boy you're a real rocket scientist! Enjoy your country, you earned it bro! Just dont burn tires in the streets and protest cause you made it all possible! Doesn't it feel good making the world a better place? You must be real proud of yourself!

      Philangenkosi Mkhwanazi - 2014-05-19 10:11

      Eugene. We are not saying when crime is committed by Whites it is okay. We are saying make the same noise and critisize ALL corruption with the contempt it deserves. Look, why is it wrong for McBride to be given a job as a police watchdog and correct for Basson to still practice as a doctor regardless of the atrocities he committed. I will tell you why McBride is perceived a murderer by a section of the white community, it is because he killed White people. Basson NOT a murderer at all because he killed Black people. I can even go outside our borders. Why the ICC will charge African leaders for crime against humanity and not even bother to do the same against George Bush? Crime must be punished equally if not then nobody must accuse someone of being worse corrupt than the other. If we condone criminal acts committed by a certain race then we will all be ravaged by crime.

  • Muhammed Bhyat - 2014-05-18 14:33

    He needs to get swin lessons in his uncle's fire pool!

  • Jack Thomas - 2014-05-18 14:33

    Proof here that all the money can't buy you a good diet , fat forker

  • Thato Pasta Mollo - 2014-05-18 14:39

    I think that it is a good thing for Africans to own such things. When "Anglo American" benefits to the detriment of our people, we don't complain but when it's a South African we cry?? On what basis is Khulubuse wrong? I support black money!

      Bhekinkosi Langa - 2014-05-18 16:26

      Thato we condemned all what was done during apparteid era calling it all sort of names e.g Capitalists,Ongxowankulu etc,now since we are ruling the country we should accept what we said its wrong and say its right.Over my dead body that I be made a fool.

      Babs Putar - 2014-05-20 12:03

      And most of this money was stolen.

  • Tshiniki Makgene - 2014-05-18 14:41

    Ya i believe now they will rule untill JESUS come because there is *inaf* money for food parcells jerrrrr.