Scandal hits Vavi's wife

Published Apr 1, 2010


Noluthando Vavi, the wife of Cosatu general secretary Zwelinzima Vavi, is reportedly being paid R60 000 a month to market financial products to union members.

The report in the Mail and Guardian claims that the company she acts for is "so anxious to keep the deal secret that it offered a bribe of R120 000 to suppress the story".

The M&G recorded financial-services company Southern Africa Quantum's chief executive of Veon Bock paying R40 000 of the R120 000 he promised to the M&G at his offices in Randburg and promised to pay the balance at the end of April.

The M&G reportedly recorded the transaction on video and has handed the money for safekeeping to its lawyers.

Bock had reportedly earlier told the reporter that he would "do anything" to prevent the article being published.

Bank records and contracts entered into between Noluthando Vavi and SA Quantum show that she is paid a R60 000 monthly retainer, plus 5% commission on sales, the report says.

Zwelinzima Vavi has staunchly denied any conflict of interest in relation to the contract, saying that this would arise only if Noluthando did business directly with Cosatu.

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