AGE OF ACCOUNTABILITY: Zuma’s Nkandla upgrades: It’s paybackthemoney time as court rules VBS can seize assets
Five months after VBS Mutual Bank was put under curatorship and about as many months since Jacob Zuma stepped down as president of South Africa – in August 2018 – the former president started defaulting on his monthly instalments owed to the bank for the cost of extensive upgrades at Nkandla.
On Tuesday, the High Court in Pietermaritzburg granted VBS curator Anoosh Rooplal an order forcing Zuma to pay back state money splurged in 2011 on Nkandla upgrades. The land on which Nkandla is built, Nxamalala Farm, cannot be attached because it is owned by the Ingonyama Trust.
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