Today's Big Stories

Panama papers lift the lid on Khulubuse Zuma's dubious DRC oil deal

Several South Africans have been implicated in the global data leak exposing tax evasion and fraud at a Panama-based law firm Mossack Fonseca.

President Jacob Zuma's nephew Khulubuse Zuma and other individuals linked to the Fidentia Asset Management scam were among the names to emerge in the so-called Panama Papers.

Investigative journalist Craig McKune says that in 2010 Zuma had already been tied to a company with a dubious multi-billion rand oil deal in the Democratic Republic of the Congo (DRC).

McKune explained that the DRC deal was dismissed by those suspected to be involved (including Tokyo Sexwale's associates and Mark Willcox), but the mystery of the contract was later unravelled.

It turned out that in 2010, the lawyers from Mossack Fonseca panicked because they saw Khulubuse Zuma, Tokyo Sexwale and Joseph Kabila's names in the news. It unpacks this long chain of ownership..and it revealed part of the mystery.

Craig McKune, Investigative journalist

Listen to the full conversation from CapeTalk's Breakfast with Kieno Kammies:

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
South African names emerging in the Panama Papers

South African names emerging in the Panama Papers

Amabhungane Investigative Journalism Unit's Lionel Faull gives up the first SA names revealed in the Panama Papers.

Panama Papers: Is it about confidentiality or illegal transactions?

Panama Papers: Is it about confidentiality or illegal transactions?

The infamous Panama Papers have fingered various politicians and business people in money laundering and tax evasion following a leak from Panama-based law firm, Mossack Fonseca.

Panama Papers: How the global data leak unravelled

Panama Papers: How the global data leak unravelled

World leaders, celebrities, sport stars & business moguls are all named in a data leak exposing tax evasion and money laundering.

‘Panama Papers’ reveal worldwide web of corruption by leaders and celebs

‘Panama Papers’ reveal worldwide web of corruption by leaders and celebs

Khulubuse Zuma, Jackie Chan, Lionel Messi... A huge leak has exposed a massive web of tax evation and corruption.

Panama Papers: 'It's the shadow banking system' says Richard Poplak

Panama Papers: 'It's the shadow banking system' says Richard Poplak

One of the biggest off-shore law firms has 11.5 million files leaked, and there's fallout for rich who exploit these tax havens.

Popular articles
LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.