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Thu Aug 21 06:21:01 SAST 2014

Zuma son sued for R5m

Sapa | 25 November, 2012 09:38
Edward Zuma, son of President Jacob Zuma

Edward Zuma, the son of President Jacob Zuma, is being sued by a state-owned development back for defaulting on a R5 million loan

Ithala Development Finance Corporation was established to provide loans to struggling small businesses and entrepreneurs in KwaZulu-Natal.

It confirmed it had drawn up court papers to recoup the money from Zuma, the Sunday Times reported.

He apparently defaulted on two loans, one worth R4.4 million and another of R512,000.

"He is struggling to pay his debts just like any other South African," Zuma's lawyer, Siphiwe Mncwango, was quoted as saying.

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Thu Aug 21 06:21:01 SAST 2014 ::