Share

Zuma mum on Aurora mine

Cape Town - President Jacob Zuma's office on Friday declined to comment on a report alleging that he had a hand in securing an investment for his nephew's mining company in 2010.

"No, no, there is no comment, as you can see from the story itself," said his spokesperson Mac Maharaj.

He was referring to a Mail&Guardian report on Friday that Zuma allegedly helped secure a $2m investment for Khulubuse Zuma's Aurora Empowerment Systems company.

Meeting

In the report, Maharaj confirmed he had received detailed questions about the allegations but later indicated there was no response from the presidency.

Global Emerging Markets (Gem) director Chris Brown told the newspaper he had been treated to a face-to-face meeting with Zuma on the morning of the Fifa World Cup final on 11 July 2010.

He alleged in the report that Zuma "thanked him many times" for helping to bail out the flailing company during their meeting in Zuma's living room.

Evidence

At the time of the claimed meeting, Aurora was desperately trying to raise funds to follow through on its bid to buy the Pamodzi gold mines out of liquidation.

The newspaper stated Brown's claims were buttressed by circumstantial evidence.

Gem launched legal action against First National Bank after the investment it paid into an account was later transferred and disappeared.

A bank employee has reportedly resigned, and FNB said it intended defending itself against claim against the bank.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.90
+0.2%
Rand - Pound
23.86
+0.2%
Rand - Euro
20.36
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.2%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders