Zuma assets go for a song

2012-04-24 00:00

A MERE R158 000 was raised from the auction of Khulubuse Zuma’s assets yesterday towards the R10 million debt owed by Aurora to Protea Coin Security.

The assets of President Jacob Zuma’s nephew, which were seized to cover debts owed to the security company that guarded the now-liquidated gold mine he co-owned with a grandson of Nelson Mandela, were sold off at an auction at Verulam north of Durban.

Khulubuse Zuma is one of the directors of Aurora alongside Zondwa Mandela and Michael Hulley, President Zuma’s lawyer.

Aurora Empowerment Systems, which hit rock-bottom in a failed mining venture at Grootvlei, is accused of running two gold mines into the ground and causing more than 5 300 workers to lose their jobs.

Khulubuse Zuma’s 7-, 5- and 3-series BMW vehicles were auctioned off with household goods yesterday.

Said Waseem Moosa, a property developer from Verulam who bought the 7-series for R88 000: “I am very happy … This is my first car. I am happy that I will be driving Zuma’s car. It’s a full house 755i BMW. I will just do small touch-ups on it.” The luxury car has leather seats and is bullet-proof.

The 5-series fetched just R14 700 and the 3-series R15 500. An Anthem amplifier fetched R23 300 and a set of speakers R7 200. Four bar stools sold for R500.

While some serious buyers were bidding, others were tweeting and joking that Khulubuse had gone to the shops the day after his possessions were seized to buy new things as it was all just “old stuff” for him. The group bidders were keen to buy Zuma’s furniture and there was fierce competition.

“Getting a printer for R50 and a flat-screen TV that costs more than R15 000 in the shops for R2 500 here is like getting it for free,” said one buyer who asked not to be named.

Other goods to go under the hammer were electrical appliances and furniture. The total amount raised yesterday, including the cars, was R158 710.

Khulubuse failed to pay debts as ordered by a court in January and his creditors, Protea Coin Group Security Company, applied for his property to be seized at the North Gauteng High Court.

Protea is owed R10 million by Aurora. National Union of Mineworkers spokesperson Lesiba Seshoka said NUM welcomed the move.

“We welcome the development and hope that the money will be able to pay the workers what is due to them.”

Zuma did not answer his phone when called for comment.

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