No bond on Zuma's Nkandla

2012-11-18 10:28
Picture: Khaya Ngwenya, City Press

Picture: Khaya Ngwenya, City Press

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Video

Zuma defends Nkandla

2012-11-16 09:35

President Jacob Zuma insisted to Parliament he paid for upgrades to his Nkandla homestead. Watch.WATCH

Pietermaritzburg - There is no bond registered against President Jacob Zuma's Nkandla home, it was reported on Sunday.

The land on which Zuma's home stands was owned by the Ingonyama Trust, headed by King Goodwill Zwelithini, which managed 32% of all land in KwaZulu-Natal on behalf of the state for the benefit of its occupants, City Press reported.

On Thursday Zuma told Parliament: "I took the decision to expand my home and I built my home with more rondavels, more than once. And I fenced my home. And I engaged the bank and I'm still paying a bond on my first phase of my home."

The newspaper said it had been unable to locate public records to support Zuma's claim that the Nkandla property was bonded.

The deed document for the property showed that the Ingonyama Trust was the owner.

Belinda Benson, Ingonyama Trust's property manager, confirmed to City Press that the deeds office records, uncovered by the newspaper, were for Zuma's homestead.

She said as far as she was aware no bond had been registered against the property.

"Over that particular portion, as it stands right now, there is no bond," Benson told the newspaper.

"Whether it hasn't been registered yet or if it's still in the process [of being registered] or whether the president has elected to bond a different property, we don't know."

According to Benson the trust had to get involved whenever a bond was registered against a property owned by it by providing documentation to conveyancers and banks.

- SAPA
Read more on:    king goodwill zwelethini  |  jacob zuma  |  pietermaritzburg  |  politics  |  nkandla upgrade
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
434 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

LOL! Best outdoor girl fails

It’s not only guys who have FAIL moments! Here are some of the funniest outdoor fails where girls are the victims!

 
 

Where were you when you last felt alive?

90-year-old's incredible travels
10 facts about swimming you didn't know
Halloween night run
Exciting new zipline for Cape Town!

Jobs in Cape Town [change area]

Jobs in Western Cape region

Proposals Engineer

Cape Town Northern Suburbs
DAV Professional Placement Group
R500 000 Per Year

Senior .Net Developer

Cape Town Northern Suburbs
Communicate Cape Town IT
R45 000 - R55 000 Per Month

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Save up to R2100 on electronics! – As seen in the catalogue

Wishing for tech gadgets this festive? Save up to R2100 on hot tech products at kalahari.com. While stocks last. Shop now!

Toys 4 for the price of 3

Buy 4 toys and get the cheapest FREE! Offer valid while stocks last. Shop now!

Seen something you like in our catalogue?

Find the perfect gift and save up to R5000 – As seen on the catalogue. Hurry and shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

Hot offer: Up to 50% off irons

Save up to 50% on all Philips irons. While stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There may be some tension that is caused through social conflicts -- personal interests versus obligations. You may feel an...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.