Playboy Teddy’s SA “hostages” in Equatorial Guinea

Loading player...
This month (February) one year ago two South African engineers were arrested in Equatorial Guinea under the guise of illegal drug trafficking. It is believed that their detention was in retaliation for the seizure in South Africa of two luxury properties and a super yacht belonging to the country’s playboy Vice-President “Teddy” Obiang. Frik Potgieter (54) and Peter Huxham (55) were subsequently convicted and sentenced to 12-years’ imprisonment. They were also fined “damages” of $5 million each and additional fines to be shared between them.  Their families are “deeply disappointed that the South African government has not sought to prioritise the illegal and arbitrary detention of two of its citizens over its current high-profile international diplomacy efforts”. Their families are pleading with the Government to help secure their release. In this interview with BizNews, Frik’s wife, Sonja, and Peter’s fiancé, Kathy McConnachie, share their trauma. - Chris Steyn
13 Feb 2024 9AM English South Africa Investing · Business News

Other recent episodes

GG Alcock says SA's R1-trillion "informal" economy is anything but

South Africa's townships are not a side economy. According to GG Alcock, author of the Kasinomics book series, they're a trillion-rand-plus market that the country's biggest listed companies are already quietly fighting over, from Shoprite's cash-and-carry pivot to Capitec's entrepreneur accounts to Pepkor's handset financing. Alcock, who grew up in…
17 Sep 7AM 49 min

Solly Moeng: BOTH Cyril AND Mashatile are too ill to run the country

In their latest weekly chat, Chris Steyn and Political Commentator Solly Moeng talk about both President Cyril Ramaphosa and Deputy President Paul Mashatile having been declared unfit - because they are too ill - to perform official duties; the US the visa restrictions for certain - still unamed -government officials;…
17 Sep 6AM 16 min