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Zuma Jnr benefits from coal deals

By Faeza
15 February 2016

Duduzane Zuma

If the R2.1 billion deal to buy Optimum Coal is approved, President Jacob Zuma’s son Duduzane will have become the beneficiary of no fewer than four Eskom coal contracts.

Just two days after Economic Freedom Fighters leader Julius Malema coined the catchy new phrase “Zuptas” for the commercial romance between the Zuma and Gupta families, the Competition Commission revealed that Duduzane Zuma is one of the buyers of the Mpumalanga coal mine, along with the Guptas’ Oakbay Investments.

In December, an announcement was made that Tegeta Exploration and Resources would buy several Optimum Coal assets from Glencore.

City Press has more details.