Khulubuse Zuma’s R100bn oil deal
Khulubuse Zuma’s R100bn oil deal http://www.citypress.co.za/news/khulubuse-zumas-r100bn-oil-deal/ President Jacob Zuma apparently played a crucial role in ensuring that his nephew Khulubuse Zuma was allocated two DRC oilfields. Picture: Daniel Born / The Times Controversial business tycoon Khulubuse Zuma is sitting on a R100 billion oil fortune in the Democratic Republic of Congo (DRC), which he allegedly obtained with the help of his uncle, President Jacob Zuma. A City Press investigation has discovered that President Zuma played a crucial role in a 2010 decision by DRC President Joseph Kabila to allocate two oilfields in the northeast of the country to his nephew. Eight months before Kabila issued a decree for Khulubuse Zuma to bag two of the most prized oil licences in sub-Saharan Africa, Jacob Zuma met his DRC counterpart in Kinshasa, where they allegedly discussed the oilfields. A top-level intelligence source with inside knowledge of the relationship b