Presidency: Zuma has Nkandla home loan

2012-11-20 11:30
Nkandla (Khaya Ngwenya, City Press)

Nkandla (Khaya Ngwenya, City Press)

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

Cape Town - President Jacob Zuma does indeed have a home loan on his residence in Nkandla, the presidency said in a statement on Tuesday.

Presidential spokesperson Mac Maharaj said the department had “noted” weekend media reports which implied that Zuma may have misled Parliament when he said he had a mortgage bond on his residence in Nkandla.
 
“We reaffirm that President Zuma does indeed have a bond on the residence with one of the national banks and he is still paying it off monthly,” Maharaj said.
 
“We urge the media to respect the agencies that are investigating the various aspects of the security enhancements at the residence as speculations and rumour-mongering will not assist the process.”

On Sunday, City Press reported that 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.

Various reports have stated that the upgrade to the Nkandla residence has cost upwards of R200m.

- News24
Read more on:    mac maharaj  |  jacob zuma  |  pietermaritzburg  |  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
327 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/Movies

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

Month End Madness Sale!

Save up to 60% on across a wide range of goods from books to electronics, DVDs and many more. Sale end 31 January 2015. Shop now!

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

OLX Free Classifieds [change area]

Horoscopes
Aquarius
Aquarius

Something is blocking the flow of things today and it is easy to become frustrated and pessimistic. The problem is that your mind...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.