South African Government (Pretoria)

South Africa: President Jacob Zuma Does Have a Home Loan

20 November 2012

press release

Photo: Flickr
President Jacob Zuma on his 70th birthday with his wives, from left is Bongi Ngema, Nompumelelo Ntuli, Thobeka Madiba and Sizakele Khumalo Zuma.

The Presidency has noted weekend newspaper reports implying that President Jacob Zuma may have misled the National Assembly when he said he had a mortgage bond on his residence in Nkandla.

We reaffirm that President Zuma does indeed have a bond on the residence with one of the national banks and he is still paying it off monthly.

We urge the media to respect the agencies that are investigating the various aspects of the security enhancements at the residence as speculations and rumour-mongering will not assist the process.

Issued by: The Presidency

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Did Zuma Mislead South Africans About Home Loan?

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The government says that President Jacob Zuma does have a bond and is still paying it, following reports that the president may have misled parliament about a mortgage bond on his ... Read more »