Jacob Zuma Faces Fresh Controversy Over Alleged €1 Million Cash Demand and 15% Company Stake

Former South African president Jacob Zuma has come under fresh scrutiny following reports that newly surfaced documents allegedly link him to demands for €1 million in cash and a 15% shareholding in a waste-tyre recycling company after a meeting at his Nkandla residence. reports that newly surfaced documents allegedly link him to demands for €1 million in cash and a 15% shareholding in a waste-tyre recycling company after a meeting at his Nkandla residence.

According to a report published on 24 October 2026, the alleged demands involved Kusaga Taka, a company operating in the waste-tyre recycling industry. The documents reportedly suggest that businessman Roy Moodley, who has previously been linked to Zuma, played a role in communicating the alleged demands.

The claims have reignited questions about the relationship between Zuma and Moodley, whose business interests and connections to the former president have attracted media attention over the years.

### Alleged Cash Demand and Company Shares

The latest allegations reportedly stem from a meeting held at Zuma’s Nkandla home involving individuals connected to the recycling industry.

According to the reported documents, the alleged arrangement included a demand for €1 million in cash, as well as a 15% stake in Kusaga Taka. Moodley is alleged to have acted as an intermediary in conveying the demands.

However, the claims remain allegations and have not, based on the information available, established that a bribe was paid or that Zuma committed a criminal offence.

Further information about the meeting, the people who attended and any investigation into the matter could help clarify the circumstances surrounding the allegations.

### Previous Reports About Zuma and Moodley

Moodley’s relationship with Zuma has previously been the subject of investigative reporting.

In 2017, investigative journalist Jacques Pauw published The President’s Keepers, which alleged that Zuma received approximately R1 million per month from Royal Security, a company associated with Moodley, during the early period of his presidency.

The allegations raised questions about whether the reported payments had been properly declared. Zuma, however, disputed claims that he had received undeclared money from private individuals or companies while serving as president.

Moodley’s business dealings have also attracted media attention over disputed public-sector contracts and allegations involving companies linked to him. These earlier reports provide background to the latest controversy but do not prove the allegations concerning Kusaga Taka.

### Fresh Questions About Political Influence

The reported revelations could reignite debate in South Africa about the relationship between political power and private business interests, particularly when allegations involve individuals with longstanding connections to influential political figures.

If substantiated, claims involving demands for cash and company shares in connection with political access or assistance could raise serious concerns about possible corruption and the misuse of political influence for personal gain.

Nevertheless, it remains important to distinguish between allegations contained in reported documents and facts established through a proper investigation or legal proceedings.

The documents would need to be examined alongside any responses from the individuals involved and evidence gathered by the relevant authorities before firm conclusions could be reached.

As of the information contained in the report, the claims against Zuma and Moodley should not be treated as proven criminal conduct. Any response from Zuma, Moodley or representatives of Kusaga Taka would be important in providing a more complete account of the matter.

The allegations are likely to attract further public attention as more information emerges about the reported Nkandla meeting, the alleged financial demands and Moodley’s purported role in the matter.

Source: https://x.com/News24/status/2113873362455793910