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Duduzane Zuma sells Oakbay shares, plans to donate proceeds

Duduzane Zuma says he’s decided the proceeds will go to a new youth development programme focused on creating sustainable jobs.

A screengrab of a BBC interview with President Jacob Zuma's son Duduzane Zuma.

JOHANNESBURG - President Jacob Zuma’s son Duduzane says he’s selling his shares in Oakbay and will be donating the proceeds to a youth development programme aimed at creating jobs.

Allegations of corruption and dodgy dealings continue to swirl around Duduzana and the Guptas.

Last month, the President’s son said in a BBC interview that he had no regrets about his controversial relationship with the family.

Duduzane said he would not change his decision to partner up with the Guptas.

In his latest statement, he says the process of selling his shares in Oakbay is underway.

Duduzane says he’s decided the proceeds will go to a new youth development programme focused on creating sustainable jobs.

The statement goes on to say the new programme will have a specific interest in graduates and will be open to all young people regardless of gender or background.

Duduzane says young people need to be given a chance to succeed and this requires sacrifices from everyone in authority or with privilege.

WATCH: Exclusive BBC interview with Duduzane Zuma