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:


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