The son of President Jacob Zuma has quit his multi million euro job with the holding company of a wealthy Indian family accused of interfering in the governance of South Africa.
Duduzane Zuma says he’s resigning to protect Oakbay Investments’ more than 1 000 employees and to depoliticise his participation in business.
The political heat generated by Oakbay Investments has caused its auditors and bankers to abandon the holding company owned by the Gupta family.
The firm says in a letter to employees that it’s impossible to do business under the circumstances and it may find itself unable to pay them.
The Guptas say they’ve decided the family should end their association with Oakbay.
They’ve approached President Jacob Zuma and members of his Cabinet protesting about what they call the staggering action by the banks and auditors and the sustained political attack against them.
The president’s association with the Guptas, who are accused of interfering in senior Cabinet appointments, is only one of the major problems Zuma is facing.
The ANC leadership is undertaking an examination of what is being called state capture.
There’s mounting opposition to Zuma within ANC ranks.
A growing number of senior ANC members are saying Zuma’s apology after the highest court in the land last week accusing him of flouting the constitution and his undertaking to repay public funds for non security upgrades to his private home is not enough.