South Africa court orders partial freeze on Zuma's accounts
The Peninsula
Johannesburg: A South African bank on Wednesday announced a partial freeze on accounts of ex president Jacob Zuma, two months ahead of a general elect...
Johannesburg: A South African bank on Wednesday announced a partial freeze on accounts of ex-president Jacob Zuma, two months ahead of a general election in which he is hoping to relaunch his political career.
The First National Bank (FNB) said a court ordered the measure over a dispute related to money spent by the 81-year-old to renovate his home and install a swimming pool when he was president.
"FNB was instructed by the High Court to place a hold on outgoing payments from former President Zuma's FNB accounts. The accounts are not closed as incoming payments are unaffected," the lender told AFP.
The partial account freeze is likely to further taint the reputation of graft-accused Zuma, who has joined an opposition group seeking to cut into the vote share of his old home, the African National Congress (ANC).
Zuma's new party, uMkhonto We Sizwe (MK) or Spear of the Nation, reacted angrily, saying the measure was politically motivated.