According to News24, presidential spokesperson Bongani Ngqulunga said the president paid over R7.8 million to the South African Reserve Bank as ordered by the Constitutional Court.
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The Constitutional Court ruled that president Zuma had in fact gained from upgrades done to Nkandla, and he would have to pay back a reasonable percentage “as determined by Treasury”.
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It ordered him to pay back funds spent on non-security upgrades – including a chicken coop, swimming pool and amphitheatre.
Questions have been asked about VBS Mutual Bank, the lesser-known financial institution which granted President Jacob Zuma a R7.8 million home loan.
The Nkandla scandal became a symbol of corruption within the ruling African National Congress (ANC) party, which has been at the helm of South African politics since the end of apartheid rule.
Cape Town – President Jacob Zuma’s question session descended into chaos on Tuesday, as opposition parties called for him not to be allowed to speak. The loan was obtained “on its standard terms”.
A 2014 investigation by the public protector Thuli Madonsela found the work done at the Nkandla residence went beyond beefing up the security infrastructure, as claimed later by some officials in the Zuma administration.
Zuma, however, failed to comply with the directive saying he had done nothing wrong and was adamant he would not pay back the money.
National Treasury spokeswoman Yolisa Tyantsi also confirmed that the president had paid the money.
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The VBS Mutual bank which granted the president the loan describes itself as a wholly black-owned specialist finance and retail bank.
