Ricochet News

Zuma foundation sponsorship of Chinese owned racing team questioned

Zuma foundation sponsorship of Chinese owned racing team questioned

The Presidency has declined to comment following the showing of prominent logos, representing the Jacob G. Zuma Foundation, inside the team pitlane garage and on a Formula E racing car owned by a Chinese businessman with reported links to South Africa.

According to Eyewitness News, the images were first shown during the inaugural all-electric series’ final race meeting in England two weeks ago, with team, competing under the NEXTEV TCR China Racing banner, being owned by Yu Liu, who reportedly operated a gold and diamond dealing business in South Africa some 30 years ago.

It was also reported that Liu, who returned to China in 2004, had previously managed to secure government involvement from the country’s Ministry of Sport to compete in the now defunct A1 Grand Prix series as A1 Team China.

The series, which started at Beijing’s Olympic Park in September last year, concluded with two races around London’s Battersea Park on June 28th with China Racing’s Nelson Piquet Jr. becoming the first ever champion. No plans are currently being made for the series to be held in South Africa.

Foundation Board Chairperson, Dudu Myeni, has stated that comment will only be provided after permission from Zuma is granted.


IMAGE sourced from businesstech.co.za