I’m just going to put this out there. If your father has political ambitions of the presidential kind, don’t be short sighted and follow him into the vote-collecting game.

Go into mine management. It can be very, very lucrative.

Ask Duduzane Zuma. But be sure to make an appointment. He may be very busy cuddling his money.

This, from the Mail & Guardian.

An investment vehicle led by Duduzane Zuma, President Jacob Zuma’s 28-year-old son, will gain shares with a face value approaching R1-billion, and Gugu Mtshali, reportedly Deputy President Kgalema Motlanthe’s romantic partner, will get face-value shares plus cash totalling over a third of a billion rand.

The investment company of Sandile Zungu — a member of President Zuma’s broad-based empowerment advisory counsel once tipped to be director general in the Presidency — will get shares with a face value approaching half-a-billion rand. Ditto the Gupta family, friends and benefactors to President Zuma.

Duduzane Zuma-led Mabengela Investments (12,5% of Ayigobi Consortium): shares with a face value of R916-million, but economic value of between R91-million and R209-million. Zuma is believed to own up to 50% of Mabengela, which would give him personal economic value of R46-million to R104-million.

Keep reading…

Nyembezi-Heita told Moneyweb radio this week that the Guptas had been cut in as “major facilitators” of the deal. An Ayigobi spokesperson, who asked not to be identified, echoed this, saying the Guptas had provided “advisory and facilitation services”.

Asked why the president’s son’s company should get a stake as large as the Guptas’ and Zungu’s combined, the spokesperson was stumped, saying: “I can see what you’re saying: Was there a greater contribution from Mabengela [Investments] to warrant it? Or was it purely based on the fact that he’s the president’s son that he qualifies for that additional percentage? That I don’t know. I cannot answer you for sure.”

Don’t worry about answering for sure, mate. In fact, don’t bother finishing the sentence. I’ll be too busy friending Duduzane on Facebook.

[Source : M&G]