Zuma Son Said to Be Top Shareholder in Firm Buying Optimum

  • Tegeta agreed to purchase Optimum for 2.15 billion rand
  • Deal agreed after mines minister Zwane met Glencore CEO

South African President Jacob Zuma’s son Duduzane is the biggest individual shareholder in a group that’s acquiring Glencore Plc’s Optimum colliery, a person familiar with the shareholding said. The group includes the Gupta family, whose links with the Zuma family have been criticized by opposition parties.

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