South Africa: Court freezes Zuma’s accounts in pool saga

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South Africa Headlines News

A South African bank on Wednesday announced a partial freeze on accounts of ex-president Jacob Zuma, two months ahead of a general election in which he is hoping to relaunch his political career.

A general view of former South African president Jacob Zuma’s home in Nkandla, KwaZulu-Natal on July 3, 2021.

The partial account freeze is likely to further taint the reputation of graft-accused Zuma, who has joined an opposition group seeking to cut into the vote share of his old home, the African National Congress . “This instruction from the court results from the process currently being managed by the VBS Bank liquidators, and FNB was legally required to comply. Former President Zuma’s recourse now lies with the courts and VBS liquidators,” it said.Also receive offers from The Africa Report's partners

The fourth president of democratic South Africa from 2009 to 2018, Zuma has long been bitter about the way he was forced out of office under the cloud of corruption allegations.In December, he declared that he would be campaigning for MK, a party named after the ANC’s former armed wing during the anti-apartheid struggle.

Source: Law Daily Report (lawdailyreport.net)

 

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