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Joyce.Jagaroo
 
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Nkandla payback conundrum

11 April 2016, 09:29  - Joyce.Jagaroo

JUST how much will Jacob Zuma offer to repay for Nkandla upgrades?

A very tricky question! We would need to get independent and credible building valuers to check the actual fair upgrades value and even if these fall well short of the R246 million spent, will Zuma have to pay back the inflated , corrupt tender prices.

The DA has based its assessment of R52,9 million on the public protector’s report, which at 20 years bond at prime+1 interest of 10,25% would mean monthly repayments of R519 289, which even on a presidential salary of R229 166 a month would be stressful?

If President Jacob Zuma does appoint credible building cost valuers who find the costs of R246 million ridiculous then that will only add more corruption allegations to the ANC, but inflated corrupt building costs are the best means to avoid impossible paybacks.

Irony just does not come more delicious than this?

robert nicolai Howick

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