Monday, April 28, 2025

June 27, 2016

Pay Back The Money: Here’s The Final Amount Zuma Must Cough Up For Nkandla

Following the ConCourt ruling JZ is required to pay back the money for Nkandla. Today that amount has finally been settled on.

So, after all the nonsense surrounding Nkandla we have finally arrived at a figure.

The National Treasury was required to submit a report to the ConCourt, following the much-lauded ruling that took place back in April.

Today they did so, with this from News24:

According to the report, released to the media by the Constitutional Court, the total amount calculated was R7.8m.

“As a consequence, the reasonable percentage of the estimated costs of the five measures that the President would have to pay personally would be 87,94%.  This percentage corresponds to R7 814 155 as at June 2009,” read the report.

I don’t imagine that will be much of an issue, and if it is he could always ring up the Guptas and ask for a little briefcase to be delivered.

[source:news24]