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Zuma pays back the money

September 12, 2016 5:41 pm by: Category: Local, National, NEWS Leave a comment A+ / A-

zumaPolitical Reporter
PRESIDENT Jacob Zuma has complied with a Constitutional Court order and repaid the government R7.8 million for the “luxuries” that were added to his private home at Nkandla in KwaZulu-Natal, his office said today.
“President Zuma has paid over the amount of R7 814 155.00 to the South African Reserve Bank as ordered by the Constitutional Court of South

Africa in respect of his private homestead at Nkandla. The President raised the amount through a home loan obtained from VBS Mutual Bank on its standard terms, one of the few financial institutions which offer home loans in respect of land owned by traditional authorities,” it added, referring to the fact that his rural retreat stands on land owned by the Ingonyama Trust.

Meanwhile , official opposition DA says an announcement by the National Treasury that President Jacob has paid back R7.8 million to the people of South Africa for his liability for the taxpayer-funded upgrades at his private Nkandla residence as the tip of the iceberg in this corruption-plagued saga.

The payment is in line with the report of the Public Protector and the subsequent judgement of a full bench of the Constitutional Court, which stated that “The President must personally pay the amount determined by the National Treasury…”

Guardian

Zuma pays back the money Reviewed by on . Political Reporter PRESIDENT Jacob Zuma has complied with a Constitutional Court order and repaid the government R7.8 million for the “luxuries” that were added Political Reporter PRESIDENT Jacob Zuma has complied with a Constitutional Court order and repaid the government R7.8 million for the “luxuries” that were added Rating: 0

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