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A 2006 forensic report on President Jacob Zuma’s finances revealed that former president Nelson Mandela gave him R1 million to help settle his debts, the Mail & Guardian reported on Friday.
According to the 500-page KPMG report, Mandela came to Zuma’s rescue in June 2005, a few days after he was fired as deputy president and after the National Prosecuting Authority announced it would charge Zuma with corruption.
The report also says that a total of 783 payments were made to Zuma by his corruption-convicted, former financial adviser Schabir Shaik, amounting to more than R4 million.
It says Zuma also benefited from several businessmen, including his nephew, Khulubuse Zuma, and Durban businessman Vivian Reddy.
The report says large commercial banks bent over backwards to accommodate Zuma because of his political position, writing off bad debt against his name.
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!#Sinudeity#!
What was also revealed in the report, is how JZ drew money that was deposited into his schooling charity fund, for personal use.Report Abuse
Flemza
There is nothing new here , even Mandela, helped me as well , hence I`m a multi-millionaire lawyer, if it wasn`t for Mandela, I still would be oppressed and as poor as ever, so Mandela did not help Zuma only, he helped most of us black diamondsReport Abuse
kabelo110
Copy and Paste Journalism. Tzek sowetan.Zuma is a failure, he cant seem to do anything right.
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lindsay
so if it wasn't for these people this dude would have been insolvent a long time ago. and why did they borrow or give him money for?Report Abuse
!#Sinudeity#!
"Builder Eric Malengret told the Shaik trial that Shaik had exclaimed: "Does he [Zuma] think money grows on trees?""Report Abuse
Tasto_
Luke18:18 -20, not Saint\Angel has ever walk this Earth !!PS - I start to rethink&believe the Prophecy of Christ's return by honounary pastor JZ !!
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Dandan
Is this a media trial or what, is the media reviewing Zumas trial, it is very disturbing that Mail&Guardian was banned by PW Botha for these shananigans , the owner banned again by Mbeki , this is a threat to democraccy , incite of civil w.ar , he has no care since Zim has already been destroyedReport Abuse
Zimzalabam1
Yet ur late again Sowetan.This was published by the Mail&Guardian.....ALwys behind damn!tReport Abuse
Dr.Head
Both Mandela and Zuma served parallel sentences to free our people from aparteid slavery. They both struggled for our freedom. Mandela undertands the sacrifices and challenges Zuma went through and he will support him.Report Abuse
Tasto_
@DandanIs this a media trial or what, is the media reviewing Zumas trial, it is very disturbing that Mail&Guardian was banned by PW Botha for these shananigans , the owner banned again by Mbeki , this is a threat to democraccy , incite of civil w.ar , he has no care since Zim has already been destroyed
Funny in the late 1980s @evry compass a copy of M&G under your armpit was considered a status of Political pedigree neh? Most progressive residence always a copy in their common rooms funny how this quickly change!!
Different strokes for different folkes ?
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