Former president Jacob Zuma is still required to honour monthly payments for his home loan at VBS Mutual Bank, Netwerk24 reported.
The scandal-ridden VBS Mutual Bank, which was liquidated on November 13, granted Zuma an R8.5m bond which he could not afford, and it was at least nine months before any documents were signed to give the bank security over the loan.
Zuma used the VBS bond in September 2016 to pay back a portion of the public funds used for “security upgrades” to his Nkandla homestead after he was ordered to do so by the Constitutional Court.
Anoosh Rooplal, who was appointed as VBS’s liquidator last week, told Netwerk24 that VBS would continue to collect monies owed to the bank.
This report does not necessarily reflects the opinion of SA-news.