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This deal confirms that this organisation was from the very beginning, at its formation or birth, destined for greater heights. - Mulaudzi

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Vindicated entrepreneur, Tuwani Matthews Mulaudzi, is bouncing back to reclaim his place in the business world after signing a lucrative military weapons deal with a Chinese company.

The deal will see Mulaudzi’s company, Luvhomba Group, being the conduit and facilitator for arms deals between Zhejiang Free Trade Zone National Lead Import and Export Co.,Ltd and African countries willing to purchase weapons from China for a period of three years.

Zheijang has a relationship with China Poly Group, China Ordinance Group and other professional research and development and production units of military equipment in China.

Both parties signed a Memoradum of Understanding on June 24.

Mulaudzi’s life had been in limbo over the past decade when he was on trial on 28 counts of theft, 29 counts of fraud and money laundering, racketeering, and contravention of the Insurance Act and Trade Marks Act.

The state accused of claiming a R48 million investment he had ceded to Nedbank when it matured. Mulaudzi was acquitted in June 2022 after nine years of undergoing a trial that cost him not only his assets but business deals.

“This particular deal confirms that this organisation was from the very beginning, at its formation or birth, destined for greater heights,” Mulaudzi said.

He added: “Complex as the deal may sound, appear and look, it brings a whole new era in the life of the organisation going forward – a different income stream, a huge opportunity and challenge which we are ready to embrace, a platform to continue where we left off 10 years ago when evil struck, an opportunity to create the much-needed jobs and generational wealth wealth for all the generations that come after us.”

Mulaudzi said the Luvhomba Group would be the middleman for Zheijang and countries.

The arms deal comes a few weeks after Mulaudzi another R2billion deal with Zhejiang Free Trade Zone National Lead Import and Export Co.Ltd for the development of two mines in Mpumalanga’s Highveld area where he owns prospecting and mining rights.

The lifespan of the proposed mines is over 30 years on land with trillions of coal reserves in situ.

According to the Memorandum of Understanding, Zhejiang will provide all the funding as well as mining technology and equipment needed to start the mines on Mulaudzi’s properties.

Even though Mulaudzi is now a free man, he has found himself fighting the Master of the High Court because his assets - R105 milllion in cash and properties, have not been released to him since then.

Mulaudzi has since reported the matter to the Special Investigating Unit (SIU) to investigate. His complaint is  that trustees, liquidators and Master of the High Court staff members were colluding.