Questions on where President Zuma got the money?
It is not enough that President Jacob Zuma has paid up the R7.8 million owed to the treasury department for the non-security upgrades to his Nkandla home.
Opposition parties now want the president to explain how he obtained the loan to pay back the money. The presidency says he obtained the loan from a little known VBS Mutual Bank.
The presidency says he obtained the loan from a little known VBS Mutual Bank.
In a statement , yesterday the presidency said he obtained the loan from a little known VBS Mutual Bank.
The presidency explained that VBS is one of few banks that offers home loans for properties on traditional land.
The Democratic Alliance says it will ask the South African Revenue Service to ensure that the president’s tax record are in order.
Meanwhile, the EFF says they are also contacting the National Prosecutions Authority and Special Investigations Unit to follow up on the progress made in recovering the money that was overpaid to suppliers in the construction of the President Zuma’s private residence.
The public protector’s office has also welcomed the payment saying it bodes well for good governance.
The National Editor’s Forum has also weighed in on the news, applauding late journalist Mandy Russouw who broke the Nkandla story six years ago.