The curators of liquidated VBS Mutual Bank have set their sights on former president Jacob Zuma's homestead‚ according to court papers.
Zuma fell behind on the repayments for the first time in August 2018‚ when he was in arrears of R109‚568. A letter of demand was sent to Zuma."Subsequent to the delivery of the demand letter‚ the first defendant [Zuma] effected sporadic repayments‚ all of which were less than the agreed monthly instalments".
The court papers‚ filed by VBS Mutual Bank’s liquidator‚ Anoosh Rooplal‚ show that Zuma has until September 14 to file a notice to state whether or not he will defend the summons. Should he defend it‚ he would have 20 days after that to file responding papers.
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