Zuma a 'kept politician', report reveals

2012-12-07 08:08
(File, Sapa)

(File, Sapa)

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Johannesburg - A secret auditor’s report shows how a long list of benefactors funded President Jacob Zuma’s extravagant lifestyle by more than R7m.

The Mail & Guardian on Friday detailed how crucial evidence in the case against Zuma was kept hidden when the NPA abandoned plans to prosecute him.

The KPMG report reveals that Zuma was a “kept politician” who accepted money and favours not only from Schabir Shaik but also from Nelson Mandela - who gave him a cheque of R1m only days after Mbeki axed Zuma as his deputy in June of 2005.

At this point Zuma was overdrawn on his bank accounts by R400 000.

Other benefactors included businessmen like Jurgen Kögl, Vivian Reddy, his nephew Khulubuse Zuma and arms companies like Thomson-CSF (later renamed Thales) and Ferrostaal, which won a submarine contract.

Banks also bent over backwards to accommodate Zuma despite his terrible credit rating and regular defaulting on loans.

The report was part of the Scorpions’ preparation for Zuma’s appearance in court in 2006, but when the case was struck from the roll, it was never admitted into evidence.

The report states: "The financial position of Zuma deteriorated over time, mainly as a result of the fact of the shortage in daily funding required to fund his lifestyle… Zuma’s cash requirements by far exceeded his ability to fund such requirements from his salary."

- Full KPMG report.


Read more on:    kpmg  |  schabir shaik  |  nelson mandela  |  khulubuse zuma  |  vivian reddy  |  jacob zuma  |  corruption  |  politics
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