VBS liquidators gunning for Zuma

VBS liquidators gunning for Zuma

2019-09-11 10:52:00 AM

VBS liquidators gunning for Zuma

The former president is now forced to settle a R7-million loan from VBS or have liquidators attach his home.

Accountability Now's Paul Hoffman saysZumahas an uphill battle on his hands."The liquidator does have a bond over the property. It's not entirely clear to me how that is legally possible because the property belongs to Ingonyama trust and Mr Zuma is a beneficiary of permission to occupy the property. S

White men still rule and earn more It's about time people were jailed for stealing public funds - Makhura 12 SAPS officers arrested for corruption

elling the Ingonyama property in order to settleZuma's debt might be stretching the law a bit."Watch the full interview with Accountability Now's Paul Hoffman above. Read more: eNCA »

Jacob Zuma must cough up R7.3m or lose Nkandla homeCourt papers show that as of August 2018 the former president was in arrears with his monthly repayments by almost R110,000

Jacob Zuma must cough up R7.3m or lose Nkandla homeCourt papers show that as of August 2018 the former president was in arrears with his monthly repayments by almost R110,000

JZ hasn’t paid back the money – and now VBS wants NkandlaIn September 2016, former president Jacob Zuma signed a multimillion-rand loan agreement with VBS Mutual Bank to cover the court-enforced repayments for upgrades to his Nkandla homestead.

EFF leader Julius Malema used VBS-linked loot to splurge on 'big-ticket' purchases - reportEFF leader Julius Malema benefited, in part, from the R16.1m which flowed from VBS Mutual Bank to the party's leadership, Daily Maverick has reported.

ANC branches demand resolution for VBS-accusedThe branches demanded that the ANC either reinstate them or begin the process of disciplinary hearings.

ANC Limpopo branches want members removed over VBS report reinstated | The StarANC members from Peter Mokaba Region in Limpopo on Monday called for the reinstatement of two members implicated in the VBS report.