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Vol 3 (AAC) No 10

Published 1st August 2010


South Africa

A golden child in Zuma's family

Political networks are helping a scion of the Zuma clan secure lucrative supply and production deals with Asian investors

The business empire of Khulubuse Zuma, a favourite nephew of President Jacob Zuma, is growing at breakneck speed and strengthened by a raft of opaque deals with Chinese and South Korean companies. Hardly known before his uncle took over the presidency in May 2009, Khulubuse Zuma has sealed several multimillion-dollar deals in mining and transport over the past few months. Rapidly growing joint ventures with China and South Korea are part of Khulubuse's strategy to see his empire reach the US$10 billion mark over the next decade.

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