Share

Zuma has 45 days to pay back the money, once ConCourt approves Treasury report

Cape Town – President Jacob Zuma will have 45 days to pay the R7.8m he owes for his Nkandla home, once the Constitutional Court approves the National Treasury's report.

On Monday, Treasury submitted its report with one day to spare. It determined that Zuma had to pay R7.8m, based on 2009 prices.

On March 31, the Constitutional Court gave National Treasury 60 days to determine the reasonable costs of the non-security upgrades to Zuma’s Nkandla home. 

The Constitutional Court said Zuma had to pay within 45 days of the court approving the Treasury’s report.

The costs included R2.3m for the so-called firepool, R1m for the amphitheatre, and R1.2m for the cattle kraal.

Treasury said in its report that two firms provided three experts each for the panel which helped determine the amount.

The two quantity surveying companies each visited the Nkandla homestead on separate days, May 10 and 11. Members of the security cluster, Presidency, and Treasury officials accompanied the quantity surveyors on their visit.

"In context, each firm of quantity surveyors was taken through the same process during the site visit to ensure consistency. They were permitted to take photographs and measurements of the indicated facilities.

"It is important to note, however, that no buried services, structural elements, or retained materials were exposed and therefore capable of accurate measurement," Treasury said.

Finance Minister Pravin Gordhan said the Treasury’s job was now done. 


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Can radio hosts and media personalities be apolitical?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, impartiality is key for public trust
32% - 460 votes
No, let's be real, we all have inherent biases
68% - 993 votes
Vote
Rand - Dollar
19.29
-0.7%
Rand - Pound
23.87
-1.1%
Rand - Euro
20.58
-1.2%
Rand - Aus dollar
12.38
-1.1%
Rand - Yen
0.12
-1.2%
Platinum
943.50
+0.0%
Palladium
1,034.50
-0.1%
Gold
2,391.84
+0.0%
Silver
28.68
+0.0%
Brent-ruolie
87.29
+0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE