The best weekly financial read in SA. As a subscriber you get online access to the new edition on Thursday morning. Register online with your subscriber number.
  Search 
Issue  Archives
   


Cover Story
FM Fox
Money & Investing
Features
FM Life

REGULARS
Editor's Note
Editorials
Technology
Opinion
People
Letters
Did You Hear?
Another Week
Economic Indicators

  • Budget 2010
  • Click here for full list of past special reports online




  • AdFocus 2009
  • Top Companies 2009
  • Ranking the Analysts 2009
  • The Little Black Book
  • Top Empowerment Companies 2009




    Top Jobs



    Winning Tenders
    Strategic Empowerment
  • Virtual Books





    Help
    Search
    Subscribe
    About FM
    New Web Users
    Log in
    Past Issues
    People Index
    Advertising Rates
    Advertise
    Online Adrates
    Online Advertising
    Contact Us - email
    Contact Us
    BDFM BEE credentials
    FM Essentials
    Career Junction



    Marketing in SA
    Business Finance
    HR Management
    Simply Successful Selling
    Intro to Company Law
    Cyberlaw
    Management & Treasury Operations






    Xerox. The OriginalXerox. The Original
    14 December 2007


    QUESTIONS AND ANSWERS

    Friend or financier?





    Paul Ekon is an SA businessman living in London, and one of ANC deputy president Jacob Zuma's best friends. He speaks to Carol Paton about Zuma's London road show.

    How did you meet Jacob Zuma?

    I met him through my father, who was the estate agent who sold him and Nkosazana their apartment when they returned to SA.

    How often do you meet up?

    Every time he travels through London we meet for a meal - once or twice a year.

    Did you attend the meetings he held with investors in London?

    I spoke to some of the people afterwards.

    What did they say?

    They were pleasantly surprised. They said they found him pragmatic and a nice guy. What gave them a lot of confidence was his lack of animosity. One said that his most outstanding feature was that he accepted that he didn't know everything but was prepared to learn. Their focus was on crime, the economy and the debt that he will owe to the SA Communist Party.

    What did Zuma tell them about these?

    He accepted that crime was largely driven by non-South Africans and the lack of a coherent immigration policy. He explained it was not just whites who were victims of crime and said that maybe government was out of touch with how badly crime was affecting its constituency. He was also asked whether he would have a better policy on Aids and whether he would re-open the arms deal investigation.

    What did he say to that?

    He said that Judge [Willem] Heath had done a good job and he didn't know why he had been taken off the investigation. Someone asked him if he thought he was the fall guy. He said: "You said it, not me."

    Do you have a financial relationship with Zuma?

    We have no financial relationship. There are no deals; there has never been any request for money. It's a straight forward friendship.

    What business are you in?

    I'm a venture capitalist, based in Switzerland. I don't have a particular company. Every deal is set up separately through its own SPV.

    Why did you leave SA?

    I left after I had persuaded a number of friends to invest in a computer company but the person we had invested the funds with ran off with all the money. So I had to come over here and rescue the company.



    LINKED STORIES
  • Who's cashing in?
  • The history man
  • First battleground




  • BDFM Publishers (Pty) Ltd disclaims all liability for any loss, damage, injury or expense however caused, arising from the use of, or reliance upon, in any manner, the information provided through this service and does not warrant the truth, accuracy or completeness of the information provided. The publisher's permission is required to reproduce the contents in any form including, capture into a database, website, intranet or extranet.
    © BDFM Publishers 2010


    Member of the Online Publishers Association