Zuma: businesses backing ANC will grow

January 13 2013 at 11:02am
By SAPA

Independent Newspapers

President Jacob Zuma. Photo: Leon Nicholas.

Related Stories

Johannesburg - President Jacob Zuma said businessmen who supported the African National Congress would see their fortunes multiply, according to a report on Saturday.

“We're not forcing people...you can support and be a supporter, but if you go beyond that and become a member, (and) if you're a businessman, your business will multiply,” the Sunday Times quoted him as saying.

Zuma was speaking at the ANC's 101 anniversary gala dinner in Durban on Friday night.

“Everything you touch will multiply. I've always said that a wise businessperson will support the ANC...because supporting the ANC means you're investing very well in your business.”

Organisers for the gala dinner told the Sunday Times seats at the 70-table banquet sold out within 10 days and brought in R8.2 million. Seats cost between R5,000 and R600,000.

At the dinner Mineral resources Minister Susan Shabangu successfully bid R3.7 million on a painting of former president Nelson Mandela during an auction, the newspaper reported.

She outbid National Federated Chamber of Commerce and Industry president Joe Hlongwane.

The ANC reportedly offered to commission a similar portrait in exchange for his R3.5 million bid.

The auction raised R21.4 million. - Sapa

Comment Guidelines

Please read our comment guidelines.
Login and register, if you haven’ t already.
Write your comment in the block below and click (Post As)
Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

Most Viewed

Join us on

Services

Whether you are a buyer or seller, wegotads is your online marketplace.
Wegotads »

Buying a car has never been easy. Motoring.co.za contains a large database of car listings with a user friendly search.
Start searching today »

Financial Tools

Make sure you find the best available airfares with our easy-to-use search engine.

You are here: IOL / Business / Business News / Zuma: businesses backing ANC will grow

We like to make your life easier

RSS feeds
Subscribe to one of our feeds and receive instant news.

Mobile
Browse IOL on your phone at m.iol.co.za.

Newsletters
Subscribe to our newsletters. News delivered to your inbox!

Twitter
Join us now

Facebook
Join us now

© Copyright 1999 - 2012 Independent Online, a division of Independent Newspapers (Pty) Limited. The copyright in the literary and artistic works contained in this online news publication and its other related and connected websites, as well as in the published editions of group newspapers, their supplements and any other content or material, belongs exclusively to Independent Newspapers (Pty) Limited unless otherwise stated.
The reproduction of any content or material contained in this online news publication and its other related websites as well as the published editions of group newspapers and their supplements is expressly reserved to the publisher, Independent Newspapers (Pty) Limited, under Section 12(7) of the Copyright Act of 1978. Reliance on the information contained in the online news publications and other related content published on this website is done at your own risk and subject to our “terms and conditions”. Independent Newspapers (Pty) Limited has committed itself to The Press Code of Professional Practice which prescribes that news must be reported in a truthful, accurate, fair and balanced manner. If we don't live up to the Press Code please contact The Press Ombudsman 2nd Floor, 7 St David’s Park, St David’s Place, Parktown, 2193 or PO Box 47221, Parklands 2121 or email pressombudsman@ombudsman.org.za (www.ombudsman.org.za) or telephone 011 484 3612/8.