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Treasury set to verify Zuma payment

President Jacob Zuma took out a loan from VBS Mutual Bank to settle the amount.

President Jacob Zuma. Picture: Thomas Holder/EWN.

JOHANNESBURG - Deputy Finance Minister Mcebisi Jonas says President Jacob Zuma's payment to settle the R7.8 million debt for his Nkandla home will be verified by the department today.

Zuma took out a loan from VBS Mutual Bank to settle the amount.

In March, the Constitutional Court found that the president failed to uphold, defend and respect the Constitution after he ignored the Public Protector's recommendations that he pay back some of the money spent on upgrading his homestead.

LISTEN: Zuma paid back the money.

Jonas is the chairperson of the Public Investment Corporation (PIC) which owns 25% of the VBS Bank.

But he says the loan has nothing to do with him or the PIC.

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