Where did Jacob Zuma Get the R19.5million From?
The Mail & Guardian has hit another nail on the head regards the Nkandla (ZumaGate) scandal. It’s highly ironic that the hundreds of millions spent on Jacob Zuma’s crib (and the billion on the road to it) may have less impact than the unexplained R19.5million spent on 3 of the houses on the property. Plus there’s 2 more houses value still to be uncovered.
President Jacob Zuma could not afford the five houses he had built at his homestead since 2009 – three of which cost R19.5‑million – an amaBhungane investigation has concluded. This raises the question of who coughed up the money.
It also suggests that the real Nkandla scandal is yet to emerge, given that Zuma has a history of plugging the gap between his income and expenditure with donations and soft loans from friends, family and benefactors (See “A history of hand-outs” by following the article link below).
Read the rest of this wonderful, investigative article at ‘Who paid the R20m for Zuma’s Nkandla houses?’.
PS: Knysna ANC, please take those illegal posters off our heritage building.
Maybe his got a bond from one of the four major banks. I think the Mail& Guardian must get that information from the man himself.
A bank that gives loans with preference deserves to be scrutinised too.