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Vol 53 No 13

Published 22nd June 2012


Who's who in the Guinea loan saga

Walter Hennig, Chief Executive Officer of Palladino, a South African. The considerable fortune enjoyed by the Hennig family comes mainly from diamond trading and farming, though Walter Hennig has diversified into other mining operations and financial services. He is a shareholder in Mvelaphanda Holdings and an active Director of Mvelaphanda Logistics and Mvelaphanda Industrial Projects. He is also an associate of Khulubuse Zuma, nephew of President Jacob Zuma (AC Vol 52 No 16). Associates say Hennig professes neutrality in the battle between Zuma and African National Congress politician Tokyo Sexwale for the ANC leadership: he has business relationships with both men.

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