Paying back the money still doesn't pay us any respect

2016-09-13 19:06

Jacob Zuma has once again taken the country and its people for fools. Paying back the money, (even after the sum owed was generously deducted by the ministry of finance from 246 to 7.8 million) looks set to unleash more questions rather than close Nkandlagate. This past week has been celebrated by most but this is perhaps undue. As quickly as it was celebrated, Zuma’s bid to repay the public purse is already under dubious inspection by onlookers and journalists. This comes as the bank through which he secured the loan (VBS – through which it is claimed attained funds from the Public Investment Corporation [PIC]) is tied to questionable members of his partisan group. Some of the dots already connected include facts like

  • The PIC owns 25% of VBS bank. (Some have taken this to mean that the man took taxpayers' money and built Nkandla, and then again took taxpayers' money to repay it.
  • The PIC advanced a loan of R300 million to VBS last financial year.
  • The money loaned to Zuma is three times VBS'profits for last financial year.
  • Lindiwe Zulu is featured in its annual report
  • One of the leaders of the Black Business Council - an organisation that came out in support of Zuma this week - is part of VBS
  • They gave Zuma a 20 year bond in spite of his age. (Apparently banks don't usually advance loans to geriatrics)
  • Zuma will be paying more than half his after tax income on the loan of about R78k per month.
  • The would-be Venda king who was meant to be inaugurated by Zuma last week, until his inauguration was challenged in court, is also part of VBS

[These were points a friend had constructed listening to a radio talk show]

Although some of stands as conjecture at this point, the connivery of Jacob Zuma would, by most onlookers and astute citizens, be placed as entirely possible. What if anything, does Zuma do that isn’t covered in a few shades? The man’s character is beyond redemption, but once again, the ANC and its structures are beholden to him. The state, as the last frontier left between the gleaming eyes of national looters is being held by some few brave souls. The unremitting journalism bordering on defiance does bolster public awareness and support for these few souls too. The laughs that Zuma offers in parliament may have more of a nervous tone to them, as his list of enemies grow and sentiment from his own support group slowly wanes. He can only be facetious for so long. No amount of acting chops (ie. Playing the victim in parly at the response of being called a criminal) can perpetuate suspended frustration at his antics.

As the months roll on, the gesturing between Jacob Zuma and the public will continue. Whether more of his entourage will be siphoned toward opposing his deviance and thuggery remains to be seen. One thing is sure though, the man must be tired of running around in circles the way he has.

I know I definitely would be.

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