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).
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Zuma’s new party, uMkhonto We Sizwe (MK) or Spear of the Nation, reacted angrily, saying the measure was politically motivated.
“It’s clear that the ANC is behind all of this,” MK spokesman Nhlamulo Ndhlela told AFP, adding the ruling party was trying “to humiliate” its former boss.
FNB said the court order, issued at the end of February, was the result of legal action taken by the liquidators of another bank, which is owed money by Zuma.
“This instruction from the court results from the process currently being managed by the VBS Bank liquidators, and FNB was legally required to comply. Former President Zuma’s recourse now lies with the courts and VBS liquidators,” it said.
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