×

We've got news for you.

Register on SowetanLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Report suggests Guptas helped pay for Zuma’s wife’s home

President Jacob Zuma flanked by his wives Bongi Ngema and Thobeka Zuma at the Sun City Resort during the gala dinner during the weekend of the ANC's 104th birthday celebrations in Rustenburg, North West, South Africa. Mantashe said the ANC might not be strong in popularity but is growing in influence. Photo Thulani Mbele.
President Jacob Zuma flanked by his wives Bongi Ngema and Thobeka Zuma at the Sun City Resort during the gala dinner during the weekend of the ANC's 104th birthday celebrations in Rustenburg, North West, South Africa. Mantashe said the ANC might not be strong in popularity but is growing in influence. Photo Thulani Mbele.

Financial records contained in leaked emails suggest the Gupta family and Duduzane Zuma paid as much as R3.4-million towards the bond on the home of President Jacob Zuma’s wife‚ Bongi Ngema-Zuma‚ according to a report on Tuesday.

The house‚ overlooking Pretoria and the Union Buildings‚ was acquired by Ngema-Zuma in 2010 for R5.24-million.

The Bank of Baroda bond financed R3.84-million of this purchase. Data from leaked emails show the bond was paid by the Guptas through Duduzane Zuma‚ at a rate of around R65 000 per month‚ reported Daily Maverick’s Scorpio investigative unit‚ together with amaBhungane Centre for Investigative Journalism.

The report said bank records‚ accounting records and budgets show the Guptas and Duduzane Zuma paid as much as R3.4-million of the bond on the property‚ after making what appears to be an initial down payment of R1.15-million – giving a total of over R4.5-million.

It said a series of complex payments were made through various financial companies‚ including Mabengela Investments‚ a company that is majority owned and controlled by Duduzane Zuma and Rajesh “Tony” Gupta.

This is not the first time the Guptas have been accused of lending a financial hand to buy properties for members of the Zuma family.

In December 2015 Duduzane bought a R18-million luxury apartment inside the iconic Burj Khalifa in Dubai. The Sunday Times reported the purchase was conducted with “substantial assistance” from the Gupta family.

The Sunday Times also previously reported that the Guptas had purchased a mansion for President Zuma worth R330-million in the upmarket Emirates Hills suburb‚ also in Dubai. The Presidency dismissed the Sunday Times story as a fabrication.

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.