Businessman 'lent Zuma Nkandla money'

2012-11-19 14:10

Durban - A Durban businessman says he lent President Jacob Zuma money to pay for the first phase of the upgrade of his Nkandla residence, and that Zuma had repaid the money.

Vivian Reddy told The Mercury that the outcry against the Nkandla development was nothing more than a "political stunt".

This comes amid allegations that Zuma may have misled Parliament when he said he had taken out a loan to finance construction work at his KwaZulu-Natal residence.

"I’m very close to Nkandla. I lent the president the money to pay for the first phase and he paid it back. Now he has taken a new bond,” Reddy told The Mercury.

He added that City Press was wrong in reporting on Sunday that there was no evidence that a bond had been registered.

Reddy also said that when Zuma received visitors, his Nkandla home had to look good.

"We can’t have the president living in a cheap rondavel; it must be befitting of his office."

  • frank.kistler.31 - 2012-11-19 14:15

    It stinks everywhere in here lol.....

      camp.j - 2012-11-19 14:26

      More lies, the hole gets deeper, next he'll resort to asking the toothfairy for some help.

      squeegee.pilot - 2012-11-19 14:26

      Zuma claimed to be paying a bond. Now Reddy says he has been repaid - so who is lying -both!

      Jason - 2012-11-19 14:32

      What an idiot, the prez has an official residence. This is all smoke and mirrors.

      fanie.viljoen.73 - 2012-11-19 14:33

      Nice try, who will ever believe this crappy excuse??????

      Faahim - 2012-11-19 14:39

      So from extorting the taxpayer to telling the public he has a bond and now this so called businessmen(Must have illegal tenders anyway) opted to pay for the presidents resort? Either way its all BS. These guys really think we a bunch of idiots, or maybe we are for paying taxes.

      luther.kingsley.5 - 2012-11-19 14:43

      Great news! now the DA and Public Protector can investigate this Vivian Reddy, maybe they find the missing link in the previous corruption charges.

      bruce.williams.1044186 - 2012-11-19 14:43

      I wonder what is in it for Reddy. A whole bunch of hefty tenders.

      goyougoodthing - 2012-11-19 14:50

      This is the same Reddy who called for a young woman to be charge with Human Rights' Violations for saying Diwali is loud and scared animals whilst those that threatened her with RAPE seem to be perfectly within their rights. I don't trust Vivian as far as Zuma could throw him. You know, they say if you lay with dogs you get fleas.

      tony.angel.3975 - 2012-11-19 14:55

      Couple of whales rotting somewhere!!

      camp.j - 2012-11-19 14:59

      @Kagiso... a bond vs a loan from a dodgy friend is like chalk vs cheese. Get it?

      ansie.b.badenhorst - 2012-11-19 15:05

      Next story: I paid for Nkandla with LOTTO money that I won!!!!

      juan.prinsloo.750 - 2012-11-19 15:05

      Well somebody's lying, Zuma said he "engaged a bank"

      beverly.young3 - 2012-11-19 15:11

      HANG ON!!! just now the Chinese will also confess to lending Zuma money. Meantime it states clearly in the 'timeline' M&G that the French lent him money. Its a United Nations plot....LOL

      narike.lintvelt.9 - 2012-11-19 15:27

      I have started a petition in support of the opposition parties' motion of no confidence in Pres Zuma. Please take a minute to sign and share this. Thank you.

      lsfreak - 2012-11-19 15:28

      Really now... Just last week our President said that he loaned money from Banks (In Parliament... It's on tape) and now some guy says he lent the money to Zipper. Quick someone look to see what the relationship is between Zipper and Mr. Reddy is :/ Corrupt I guess :D

      alan.gernet - 2012-11-19 15:31

      WHAAHAA HAAA HAA WHAAH HAAAHHH HA - sure - that story rings true! First Showerhead 'engaged the bank, and is still repaying the bond', and now Shabir's Couzzie lent him the money and he repaid it. Anybody got some spare "STUPID STICKERS" for my forehead? - 2012-11-19 15:34

      a lie to cover a lie... can only end in a lie

      john.kirkwood.9619 - 2012-11-19 15:44

      and so the lies begin

      christian.denyschen - 2012-11-19 15:55

      Interesting artical about this Reddy guy worth a read,

      therealmakoy.makoy - 2012-11-19 16:23

      agiso-booi - dude , when you copy your responses from Google you need to change it slightly before you paste on here ! LOL !! Also copy from reputable pages where the information is factually correct. It`s complete BS you pasting ( note ..not posting ) on here. We could have a academic discussion on here regarding mortgage bonds if you wish though ??

      carla.vittori3 - 2012-11-19 17:27

      @kagiso - if you loan someone money without interest its a donation and therefore taxable at 20%. Did either one of them pay the tax?

      bullet.proof.9400 - 2012-11-19 17:29

      Can't believe this rubbish. Makes me wonder what the kickback will be. Man o man this government is so vrot and they are so confused. Question; why did it take zero so long to respond to the allegations... me mells a rat here. I suppose the tooth fairy also contibuted And oh please zero don't forget to blame apartheid and of course Hendrik Verword

      punungwe - 2012-11-19 19:43

      Still the picture is not good. A president who doesn't know the difference between a bond and borrowing money from a friend.

      johann.fouche.50 - 2012-11-19 19:59

      Today must be 1 April. Or else nobody will believe it.

      derek.francois.3 - 2012-11-19 20:35

      Geez does this idiot think that everyone has the level of intelligence of the masses of ANC Zuma supporters, really! are we supposed to believe this idiot who along with the Gupta's, Shaiks, and Mac have benefited from their inner circle relationship with our corrupt clown of a president. Are we to believe that on a presidents salary he can afford even a 1/4 of the cost of his 'Ali Baba' compound. I just hope when the next president is elected all these lying corrupt idiots are investigated and prosecuted.

      tw2066 - 2012-11-19 21:55

      And Zuma couldnt have said this in parliament? Instead he barked on like it was bank bond and HE had applied for said bond. Now, crawl out of the woodwork some shady character who happens to be a chommy of Showerkop.

      KennySven - 2012-11-20 02:59

      The Hawks should subpoena Reddy's and Showerhed's tax returns/bank statements for the past 5 tax years.

      ray.syst - 2012-11-20 06:03

      What an utter load of BS!! Why would zuma take a loan from a businessman when he could have taken a loan from any number of banks - like most citizens have to? Vivian Reddy, Shabir Shaik .... who else was there?

      andrew.arnesen - 2012-11-20 08:11

      I wonder what Reddy gets out of this deal? And, since when do you need such a lavish complex to impress people - I guess only when you are bereft of any other impressive qualities...

      Mike - 2012-11-20 11:14

      Watch this space...........didn't Reddy's name appear at the time of the Shaik debacle ????

      Ollie - 2012-11-20 11:41

      I wonder how many government contracts this Reddy is now in control of.

      eloise.botha - 2012-11-20 12:40

      SARS sal maar moet gaan kyk wat gaan daar tussen Zuma en friends aan....

      tw2066 - 2012-11-20 19:17

      AKA FNB? WTF is the loot from FNB or Reddy?

      pierre.pretorius.370 - 2012-11-21 08:27

      Wow. Corruption and lies for the win.

  • Karel du Toit - 2012-11-19 14:15

    Proof please your word means little less than the corrupt person you support!

      squeegee.pilot - 2012-11-19 14:27

      In return for which favors Mr. Reddy?

      kobie.nel1 - 2012-11-19 14:28

      That is the thing I want to see, that proof of the loan and the repayments. They truly think we are fools.

      ro.jhb.1 - 2012-11-19 14:54

      Then Solly dont read it - or is that too complex. I think you like it when it glorifes showerhead and dont like it when it doesnt!!!

      ClassWarTrotsky - 2012-11-19 14:58

      Guptas and Reddys exposing their own presidential patronage. Rotten, rotten. This is how a perfectly on-track socialist revolution gets hijacked and co-opted by capitalist rogues posing as the proletariat. Hopefully a real revolution of the proletariat will now follow and consign these pseudo-socialist africanist gangsters back to their prison cells. Any right thinking communist or socialist would decry these rats for the counter-revolutionary reactionaries that they are.

      solanga.maluleke - 2012-11-19 15:00

      Cant you see that everytime Hawks want to invistigate they are being told to stop.

      alan.gernet - 2012-11-19 15:37

      er - Squeegee - In return , Mr Reddy (Shaik) would get a "Get out of jail free on the grounds of a terminal condition" card.

      susan.paul.330 - 2012-11-20 08:08

      Vivan, you are no better than Zuma, how many wives and children do you have???

      konstabel.koekemoer - 2012-11-20 13:48

      So this business man gave Zuma a R200,000 million unsecured loan and Zuma has paid it all back? Anyone who believes this will believe in the Father Christmans and the Tooth Fary. Mr Reddy must have landed some lucrative government contracts.

  • sija.makungo - 2012-11-19 14:17

    This is getting serious, we are made to sweat as ANC members because of this man and his lies, what next, it is degrading and he must stop.

      Antipoaching - 2012-11-19 14:29

      I totally agree Sija.... I cannot, in good conscience, continue to support a Party that allows this man to continue to hold any office.

      silenta.solly - 2012-11-19 14:39

      Any proof that these are lies? I'd love to see it

      ro.jhb.1 - 2012-11-19 14:55

      Solly shut the eff up. You are proving what an alicker you really are!

      madscientist.mad.1 - 2012-11-19 15:48

      @silenta, uhhm, maybe they should prove that it is true, coz JZ said one thing in parliment and now another suspicious story that contradicts what JZ said in parliment... and ALSO, it has all been paid back??? how much did that cost again? why take a loan if u could pay it back so quick? and where did the money come from that JZ paid Reddy back with???

      j.r.neilson - 2012-11-19 20:38

      @solly "i'm still paying back the bond" - zuma.... "There was never a bond taken taken out..." records, public records, banking record etc, "i lent him the money" - no paperwork.... and you can't see the lies? Have you lost your white stick?

      Mike - 2012-11-20 11:18

      @Sija: he never will, as long as you and yours keep voting ANC !

      michael.i.wright - 2012-11-20 14:50

      Sweat? If you are going to sweat, do so with the labour of sweeping this vermin into a hole where it belongs. Clean up the house.

  • repline.rasbanda - 2012-11-19 14:17

    "vra my broer jack, hy lieg net so goed soos ek" - enough said.

      kenpeg.dawson - 2012-11-19 14:30


  • Karel du Toit - 2012-11-19 14:18

    he will not be president for long are you going to lend money to the next president as well?

      maureen.churchill.9 - 2012-11-19 15:51

      liar, liar pants is on fire...this stinks worse than rotten eggs.

  • kala.bafazi - 2012-11-19 14:18

    Zuma is become a more prolific story teller that Dr. Zeuss. But somehow Dr. Zeuss' stories were more believable.

      asdhasgd - 2012-11-19 14:29

      The difference between Zuess and Zuma is that Zuess told believable stories with good morals.

      kala.bafazi - 2012-11-19 14:49

      And Zeuss could read and write.

      ntebu.mthi - 2012-11-19 15:04

      Young kids in their formative age read Dr Zeuss' stories. Not sure if Zuma's stories are not SNLV and therefore age restricted.

      narike.lintvelt.9 - 2012-11-19 15:28

      I have started a petition in support of the opposition parties' motion of no confidence in Pres Zuma. Please take a minute to sign and share this. Thank you.

      tw2066 - 2012-11-19 21:59

      Dr Zeuss did the cat in the hat, Zuma is doing the ex convict in the pound seats.

  • Karel du Toit - 2012-11-19 14:19

    re payed the loan in tenders

      alan.gernet - 2012-11-19 15:42

      funny how the Honourable President himself said that "He had engaged the bank, and was still repaying the BOND ...."

  • carla.vittori3 - 2012-11-19 14:21

    Hmmmm... I wonder if that loan had a market related interest rate attached to? And if so, how did JZ manage to find that kind of cash to pay it back so soon or to get a bond big enough to cover the outstanding loan amount? I'd really like to see JZ's tax returns now too...

      alan.gernet - 2012-11-19 15:43

      and Reddy needs to be investigated too! Hawks.....

  • mashavha - 2012-11-19 14:21

    Mr Reddy when did you replace Mr Shabir Shaik lol

  • brett.scheepers - 2012-11-19 14:21

    Did Reddy benefit from any government tenders?

      graham.dutoit.12 - 2012-11-19 14:33

      Vivian Reddy could slide up a drainpipe backwards - he is as rotten as JZ!

      Lucky - 2012-11-19 15:24

      look up "edison power" to see the extent!!

      ronald.stilianou - 2012-11-19 17:36

      The question I want to ask is: why would Reddy associate himself with Zoomer?. I'm embarrassed to have this goon as a president, there's no way I would lend him a cent. This Reddy clown is either very stupid or.....he owes shower head something and NOW is repayment time. A big can of worms is about to be opened, hold on to you seats!

  • annie.botha.50 - 2012-11-19 14:22

    This sounds like another Shaik(ey) story

  • hitting.thefan - 2012-11-19 14:22

    The fraud sindicate has lots of connections. You will have a associate cover your back side very quickly. Now if I borrow you millions I will have a contract in place so show the proof Mr.Reddy and why did the president say bond if there is nothing!

  • andre.kuhn.583 - 2012-11-19 14:22

    This is called corruption! A President should not take money from anybody! Zuma must step down.

      alan.gernet - 2012-11-19 15:45

      Well.... my feeling is that people who are guilty of corruption should be in jail (without Shabir 'Get ot of Jail Free' cards).

  • bullardx - 2012-11-19 14:24

    Okay: so its tax payers money used by goverment, Zumas family paying off da bond,...Which one is it?a lot of dishonesty and b.s...what a shame.

  • flysouth - 2012-11-19 14:26

    One very dodgy character who owes his wealth entirely to his connections in the ANC supporting another in the ANC - any surprises here?

  • gary.doyle.520 - 2012-11-19 14:27

    I wouldn't believe a word this man says. Vivian Reddy's rags to riches story in Durban is one of pure corruption involving big names including Jz.

  • Montagnes.Bleues - 2012-11-19 14:28

    Zilch on CIPRO Searched for: Reddy Bank Ltd. Reddy Bank Unlimited. Reddy Communist Collective Coercive Bank Ltd Reddy and Waiting Bank Ltd still searching but cannot find anything related that can officially grant BONDS Maybe the rest of oyu can help searching for Guptha banks Mittel Banks SA Ching Dong Wong Banks in the meantime.

      Faahim - 2012-11-19 14:37

      Hahahahaha, classic!

      Alan - 2012-11-19 15:02

      Try "Bent Over and Reddy Bank".

      alan.gernet - 2012-11-19 15:46

      how about Reddy Steady Fired?.

      carolyn.simshandcock - 2012-11-19 17:30

      You should be looking under Ka-Ching Bank - that's why you are battling to find it!

      frans.visserdsb - 2012-11-19 21:39

      Yeah - if you lend that kind of cash - with or without gollateral - should you not be registered as a financial institution? was it with interest - in which case Reddy would have had to pay tax on the interest - or without, in which case JZ would have had to declare it as a gift?

      sagren.narain - 2012-11-20 09:58

      Golden - Absolutely Golden

  • kenpeg.dawson - 2012-11-19 14:28

    One lie leads to the next lie that leads to another lie ....... The truth is simple so why not tell the truth.

      kenpeg.dawson - 2012-11-19 14:32

      Sorry to reply to myself but do they know the truth after so many lies?

  • klaas.waarzegger.7 - 2012-11-19 14:29

    Hmmmmmmm... did Zuma declare receiving this money as is requered from political office bearers? It is getting worse for him now, painted himself in a corner. This is the beginning of the end for him. 'n Seder val in Nkandla

      carolyn.simshandcock - 2012-11-19 17:31

      I don't think that Reddy did Zuma any favours by coming up with this version of the truth because it has now opened a whole new can of worms for Zuma to lie about.

  • anna.turner.9237 - 2012-11-19 14:29

    Vivian Reddy is a South African Businessman. He is the Chairman of Edison Corporation. He started the company Edison Power Electrical Group in the 1970's and is now a leader in property, casinos and the electrical sector. Reddy has initiated a corporate social programme that includes educational bursaries, poverty-alleviation projects and a trust to benefit Aids orphans. He also led the development of the Monte Vista Casino in Newcastle Casino money??

      Bra Tebzaah Sibilanga - 2012-11-19 14:37

      We dont want to know that.We only want to know why is he telling lies to protect his rotten friend zuma?Does he think we would buy the rubbish he is saying?Instead of talking rubbish,this Reddy cockroach should warn the other cockroaches (anc) of the votes they are going to loose in 2014.The voters are fed up.

      gary.doyle.520 - 2012-11-19 14:51

      Anna we all know of this man and his small business he started in greenwood park. We know how he grew that business through political connection more anything else.

      paul.korb.9 - 2012-11-19 15:19

      Anna just come to Newcastle and see what the great Mr Reddy has left for the town ! This man has got away with too much - why did he not open his mouth before Zuma put his foot in it? Mr Reddy has done our town a disservice of the greatest degree!

      suash - 2012-11-19 15:19

      Bwahahaha @curriemafia - You took the words out of my mouth!

      craig.thom.376 - 2012-11-19 16:49

      and next is his knighthood!

      prakash.singh.169 - 2012-11-20 00:34


  • Rob Allen - 2012-11-19 14:30

    more BS

  • magda.harmse - 2012-11-19 14:31

    Blah Blah Blah Fishpaste... Too many stories... I don't believe a word these people say

  • sefako.mokgalaka - 2012-11-19 14:32

    absolute rubbish! who in their functioning mind would lend the a sitting president money to build his house? If Zuma is re elected how much more damage would we have in five years time?

      maureen.churchill.9 - 2012-11-19 15:53

      We as a country would never survive another 5 years.

  • 0001000ghost - 2012-11-19 14:32

    Yes, Vivian Reddy, just the way you speak, makes me think you are on the same level as Shabir Shaik..for some reason a voice in the back of my head tells me, that I should not trust a word you are saying. That same voice is telling me GONE WITH ZUMA!!!

  • robes.spear - 2012-11-19 14:32

    783 creating more work for the Public Protector! How wasteful and fruitless Zipper is! Impeach him! #$*&($ the ANC for dragging this beautiful country into the dirt.

  • Faahim - 2012-11-19 14:33

    So from extorting the taxpayer to telling the public he has a bond and now this so called businessmen(Must have illegal tenders anyway) opted to pay for the presidents resort? Either way its all BS. These guys really think we a bunch of idiots, or maybe we are for paying taxes.

  • sandy.sutherland.58 - 2012-11-19 14:33

    Hey Reddy - I am guessing you bought a whole bunch of toilet paper, as you are going to need it to wipe zipperPoo off your face from the humongous brown nosing you are doing - maybe you got some nice tenders lined up hey - looking for some scratch my back and I scratch yours action!

  • peter.jefferies.90 - 2012-11-19 14:34

    Lies, lies, lies!!! The only thing the ANC leaders are good at doing!!

  • glen.e.huysamer - 2012-11-19 14:34

    And the 'Gumpta' cousins are all coming into the spin, what else was to be expected... now the Nation can begin to see who actually runs the ANC...... how deep is the symbiotic hole in the pocket...??? Is Mr Reddy .....ZUMA"S loan shark?

  • sagin.verity - 2012-11-19 14:35

    lies, ;lies, lies and more lies to cover up the lies.

  • tertius.aswegen - 2012-11-19 14:35

    This is getting funnier and funnier. Jz realising he should have lied better

  • TdJ01 - 2012-11-19 14:35

    Reddy, be careful who you support, you might find there will be no tenders for you in the future when Zuma is gone.

      zwelithini.gagayi - 2012-11-19 16:32

      Reddy will "lend" whoever is in charges some money to make sure he gets tenders.

  • jacqueline.benjamin.52 - 2012-11-19 14:36

    As snert praat kollietjies was

      kenpeg.dawson - 2012-11-19 14:52

      Dan was Zuma n tarentaal.

      ange.kritzinger - 2012-11-19 15:39

      Lol, you two... Made me chuckle. Just a translation for those who do not understand: "If talking rubbish was dots... then Zuma was a guinea fowl". ... Beautiful bird though...

  • faizieishlah.shabalala - 2012-11-19 14:38

    Was it declared as require for MP conduct.

  • es.vl.9 - 2012-11-19 14:39

    More lies.

  • troXi420 - 2012-11-19 14:39

    So a business man lends a politician some money out of the goodness of his heart? I'm sure the fact the he later secured a host of casino rights, government tenders, etc had nothing to do with it.... Nope, nothing at all...

  • brigette.swanepoel - 2012-11-19 14:39

    Where is the evidence on Black and White that he lend the money and zuma paid him back. Show it on the bankstatements

  • charlesglass1895 - 2012-11-19 14:40

    You still haven't answered the question... "How can Zuma afford this on his salary???"

  • tresor.mpika.9 - 2012-11-19 14:41

    I hope you are right reddy, I guarantee the newspapers have started investigating your claim. if you are trying to protect the president i will advise you to stop now because you will cause him further embarrasment

  • chrisjanbotha - 2012-11-19 14:41

    Probably paid with a SA Government cheque...

      snkqezo - 2012-11-20 15:59

      it was ok when former presidents enjoyed the benefits but now whats noise all about?

  • crystal.core.5 - 2012-11-19 14:42

    I think I've heard this one before ...oh wait, that was Schabir Shaik! Wow, more people just lending the president R200m ...he must have a lot of money, I wonder if he has won any Government tenders lately? or if Zuma declared his very generous R200m gift? At current bank interest rates it could cost about R2m per month to service such a loan... I wonder how Zuma will find the money to pay him back? Instead of making the tax payers foot the bill for R200m, his newly aquired 'freind' will charge interst and make the tax payers fork out R500m when the whole thing blows over the and seceracy act comes in this space!

  • richard.zanner - 2012-11-19 14:42

    Repaying a bond means that a bond must exist and if so it is traceable in the Deeds' Office as it is registered against the property otherwise it is not a bond but an unsecured loan which is not what was reported. It was also reported that it is still being re-paid and now it is paid. Maybe SARS should go look at the Lender. Surely we are entitled to more than this. In every first World country Ministers and Presidents would not survive what is going on here and there is a good reason for this. They are accountable to us and not us to them. Somehow our Government has gotten this idea that we are all there to work for them and we must for the rest just shut up failing which we are not patriotic. The saddest truth is that the masses of uneducated people do not have the first clue as to what is going on but they believed in this Government and were made promises.

      narike.lintvelt.9 - 2012-11-19 15:29

      I have started a petition in support of the opposition parties' motion of no confidence in Pres Zuma. Please take a minute to sign and share this. Thank you.

      snkqezo - 2012-11-20 15:56

      Leave Zuma Alone,concerntrate on the real issues not Zuma

  • charnelle.bester - 2012-11-19 14:42

    Probably blackmailed the poor guy just like he did the NPA. IF this guy serves a second term, then I dont know hay, I just dont know. The fact that he served at all is what amazes me.

  • ray.molekoa.5 - 2012-11-19 14:43

    What's next , HE'S WON THE LOTTO ?? Enough of this lies , for how long is Zuma and his cronies going to run around in circles ??????

      kenpeg.dawson - 2012-11-19 14:53

      Then we will have proof that the lotto is rigged.

      tony.angel.3975 - 2012-11-19 15:10

      Until someone pull the plug,and soon!!

  • Riaan Cloete - 2012-11-19 14:46

    What is it now? A bond? A loan? Wonder how he paid it back? What is the next pity full excuse going to be? Its sad to see that people still vote for him.

  • Deon - 2012-11-19 14:47

    You can not get a bond on a property when you don't own the property, we are not stupid.

  • collette.grove - 2012-11-19 14:47

    Shame on you Mr Zuma! You're supposed to lead the country not mislead it! Your government is stealing from the poor to make the rich richer! What happened to the spirit of Ubuntu??? Let's just remind you what that it is exactly; "Ubuntu is an ancient African word meaning 'humanity to others'. It also means 'I am what I am because of who we all are'." And don't dare call me a racisist because you don't know me and you don't know my story!

  • Erna - 2012-11-19 14:48

    The first phase, what about the other things, extra houses for security guards, bunkers, bullet proof windows, air conditioning. Surely this is a bit much if SA is such a safe place.

  • ben.louw.5 - 2012-11-19 14:48


  • theMichaelHawthorne - 2012-11-19 14:49

    All I hear is excuses

      kenpeg.dawson - 2012-11-19 14:53

      No Lies