Zuma foundation Formula E sponsorship out of generosity – team manager

BY CHARL BOSCH - JULY 17, 2015

The team manager of a Chinese owned Formula E racing team has said that the displaying of logos, representing the Jacob G Zuma Foundation on its car, was a sign of goodwill, and that its owner had promised to donate R500 000 if no significant interest in them was to be shown.

Speaking to Eyewitness News, NEXTEV TCR China Racing’s Steven Lu said the deal was struck in December last year when Yu Liu, a businessman who reportedly dealt with gold and diamonds in South Africa some 30 years ago, offered to display the logos following a meeting with the foundation, who had accompanied Zuma on an official state visit to Beijing.

Questioned were raised after the logos were first spotted last week on the car and in the pits during the inaugural all-electric series’ final race meeting around Battersea Park in London on June 29th. The series, which started at Beijing’s Olympic Park in September last year, was eventually won by China Racing’s Nelson Piquet Jr. No plans currently exist for the hosting of a round in South Africa.

No comment from the Presidency or Zuma’s foundation has so far been received.

 

IMAGE sourced from timeslive.co.za