Authorities seized assets of a nephew of President Jacob Zuma to cover debts to a security company that guarded now-liquidated gold mines he co-owned with a grandson of Nelson Mandela, a newspaper reported Sunday.
The 7-, 5-, and 3-series BMW vehicles and other household items will be auctioned on April 23 because Khulubuse Zuma failed to pay $1.25 million (955,000 euro) in debt as ordered by a court in January.
His creditors, Protea Coin Group security company, will next target his former associate Zondwa Mandela. "It is not expected that the full judgement debt will be recovered from the proceeds of the sale," the company''s lawyer Nic Vivers told the newspaper.
The pair''s mining company, Aurora Empowerment Systems, is accused of running two gold mines into the ground and causing more than 5,300 workers to lose their jobs.
Aurora''s directors included Khulubuse Zuma; Zondwa Mandela, a grandson of the country''s first black president; and Michael Hulley, who is President Zuma''s lawyer.
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