'PRESIDENCY' REJECTS 'DA' STATEMENT ON BUSINESS INTERESTS

The Presidency rejects the call of the Democratic Alliance issued today, 15 August 2011, that the National Assembly Speaker, Mr Max Sisulu, should convene a special debate on the alleged "growing list of state deals that have benefited President Jacob Zuma's family and friends''.

The President does not hold any personal or financial interest in any business or corporate entity. He makes his annual declaration of interests to the Secretary of Cabinet. The declaration is designed to ensure that a conflict of interest does not arise in the performance of his executive office.

The financial interest that the President must disclose relates directly to the President as well as to spouses and dependants. He does not declare assets or interests that belong to persons other than spouses and dependants. The properties and assets of adult children are likewise not declared and are not the President's responsibility or liability.

The Presidency has previously rejected the baseless rumours of a relationship or friendship with Mr Roux Shabangu from whom the SAPS sought to lease accommodation for offices.

Statement issued by Mac Maharaj, Spokesperson to the President, The Presidency, August 15 2011

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