VBS Bank curator says Zuma will not be able to appeal summary judgment on his mortgage - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

VBS Mutual Bank curator Anoosh Rooplal says former president jacobzuma will not be able to appeal the summary judgment the High Court in Pietermaritzburg made against him for defaulting on the R6.5 million he owes on his mortgage.

Former president Jacob Zuma’s home in Nkandla, KwaZulu-Natalthe summary judgment the High Court in Pietermaritzburg made against him for defaulting on the R6.5 millionZuma took out a R7.8 million mortgage in 2016, to repay the state for the non-security related upgrades. But he later defaulted.

Rooplal pointed out that Zuma made intermittent payments after the claim was brought in 2019, and that payments were made twice the day before the matter was due in court. Zuma took out the loan to pay for non-security related upgrades at his Nkandla home following a report by then Public Protector Advocate Thuli Madonsela.

Madonsela said then because the work was done at the president’s house, deviations were assumed to be justified and not to be questioned.At the beginning of last year, Rooplal demanded R250 000 from Zuma which was in arrears.

 

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Pay back is truly a bitch 🤣🤣

Zuma has a magic lawyer in the name of Mpofu, they will appeal this one, i know he will tell them that they are racist or captured or he might even tell VBS is unfair....😂🤣😂🤣😂🤣😂😅😂🤣😂🤣😂🤣😂😇

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Belgique Dernières Nouvelles, Belgique Actualités