Zuma asked to shed more light on Nkandla loan

The DA, Cope, the PAC and AfriBusiness have all asked President Zuma to produce proof of payment.

FILE: President Jacob Zuma. Picture: GCIS

JOHANNESBURG - President Jacob Zuma has been asked to provide further details about the loan and his repayment plan - after settling his Nkandla bill.

The Presidency and National Treasury confirmed today that Zuma had complied with the Constitutional Court order to pay R7.8 million.

The court ruled in March that the President failed to uphold, defend and respect the Constitution when he ignored the public protector's recommendations following her investigation into spending at Nkandla.

The Democratic Alliance, Congress of the People, the Pan African Congress and AfriBusiness have all asked President Zuma to produce proof that he has indeed paid back the money.

Questions have also emerged over the lender, little-known VBS Mutual Bank, whose head offices and one branch are based in Johannesburg, while it has three other branches in Limpopo.

The Presidency says VBS is one of the few financial institutions which offer loans in respect of land owned by traditional authorities.

The African National Congress and the Economic Freedom Fighters have not yet commented on this development

Read the Presidency statement on the matter.

Take a look at EWN's special feature on Nkandla.