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  • Treasury finds that Zuma must pay R7.8 million for Nkandla upgrades
    Posted by on Jun 27th, 2016

    So apparently the National Treasury of South Africa has finally come up with a figure that President Jacob Zuma must pay for the non-security upgrades to his Nkandla homestead. Two independent investigations have reportedly concluded that Zuma must pay back R7,814,155 of the money used to upgrade his Nkandla estate.

    zumadancing

    Jacaranda News has released an image of how the cost was calculated.

    nkandla pay back

    “National Treasury has told the Constitutional Court that it believes the amount of money that President Jacob Zuma should pay back for the upgrades to his Nkandla home amounts to just over R7.8 million.

    Treasury says it contracted two independent quantity surveying firms to conduct two separate investigations, and that it then moderated the results of those two probes.” [EWN]

    The figure has yet to be confirmed.

    Now you know.

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