#PanamaPapers: More names to be revealed from Africa
Zuma’s nephew Khulubuse has been named in the papers due to ties to a company which scored a R100bn oil deal.
JOHANNESBURG - More information about prominent African and South African figures is expected to emerge from the so-called Panama Papers, revealing how individuals or companies have been hiding their money in offshore tax shelters.
The documents, which were leaked on Sunday to media organisations, contain more than 11 million records from a Panama-based law firm.
President Jacob Zuma's nephew, Khulubuse Zuma has also been mentioned due to his ties to a company which scored a R100 billion oil deal in the Democratic Republic of Congo.
Amanda Potgieter from the African Network of Centres for Investigative Reporting says more names will emerge from the company Zuma is associated with.
"Caprikat Limited is the link that Khulubuse Zuma has. There are more players and we'll be publishing something later this week about bigger businessmen involved in the Capritkat deals."
Khulubuse's spokesperson Vuyo Mkhize meanwhile said it's no secret that the businessman is associated to Caprikat Limited, which is registered in the British Virgin Islands.
"These papers don't contain anything that South Africa doesn't already know."
At least two people linked to the Fidentia Asset Management scam opened offshore companies, and other international names have emerged, including Russian President Vladimir Putin and soccer star Lionel Messi.
About R1.2 billion was misappropriated affecting thousands of Fidentia beneficiaries. Fidentia boss J Arthur Brown was sentenced to prison for his role in the fraudulent activity.