Zuma Son Said to Be Top Shareholder in Firm Buying OptimumFranz Wild and Paul Burkhardt
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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