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Zuma will have 45 days to pay back the money

By Faeza
27 June 2016

picture from City-press picture from City-press

President Jacob Zuma will have 45 days to pay the R7.8m he owes for his Nkandla home, once the Constitutional Court approves the National Treasury's report.

On Monday, Treasury submitted its report with one day to spare. It determined that Zuma had to pay R7.m, based on 2009 prices.

On March 31, the Constitutional Court gave National Treasury 60 days to determine the reasonable costs of the non-security upgrades to Zuma’s Nkandla home.

The Constitutional Court said Zuma had to pay within 45 days of the court approving the Treasury’s report.

The costs included R2.3m for the so-called firepool, R1m for the amphitheatre, and R1.2m for the cattle kraal.

Treasury said in its report that two firms provided three experts each for the panel which helped determine the amount.

The two quantity surveying companies each visited the Nkandla homestead on separate days, May 10 and 11. Members of the security cluster, Presidency, and Treasury officials accompanied the quantity surveyors on their visit.

"In context, each firm of quantity surveyors was taken through the same process during the site visit to ensure consistency. They were permitted to take photographs and measurements of the indicated facilities.

"It is important to note, however, that no buried services, structural elements, or retained materials were exposed and therefore capable of accurate measurement," Treasury said.

Finance Minister Pravin Gordhan said the Treasury’s job was now done.

Source: News24