Jacob Zuma Trust Friends Offer To Help Pay Off The Money On Nkandla


Days after President Jacob Zuma decided to pay back part of the money spent on Nkandla, a group of business men in South Africa have offered to help in the payment of the bill if only the president comes to ask them for help.

The Organization known as JZ trust, which comprises the country’s leading businessmen, said they are willing to help the president like they have always helped before.

“As an organisation we are virtually non-existent because we did what we had to do back then. But if he needs us individually, we will always support him, like we always did in the past,” said businessman Don Mkhwanazi.

Mkhwanazi further said that he would not be able to comment on whether he is willing to offer personal help to the president as he (president Zuma) was yet to approach them for financial help.

Also See: Mandosela Hails Zuma’s Decision To Refund Money Spent On Nkandla Abode

Speaking further, the businessman said Zuma’s decision to pay back the money needs to be applauded as he is sure the action was for the nations’s  long-term interest.

“I believe he wants to put this matter to rest so that we can focus on more important things and so that people can stop sniping at him.” he said. JZ Trust had also helped in paying Zuma’s legal bills during his fight against his corruption charges.

Aside the JZ Trust intended help, some other business moguls who may also help President Zuma pay off the controversial bill, claim the president is yet to speak to them about it. A long-time friend and ally of the president, Durban businessman Vivian Reddy, who said he had once lent Zuma money to pay for the first phase of Nkandla, said he is yet to be approached by the president.

Meanwhile, the issue of whether or not the president is able to foot his bills from his pocket seems to be a difficult question to answer. But looking at the assertion that the president has no other business of his own neither does he have shares in any private company, it is rather obvious that the president would have a hard time paying back the Nkandlea fund.

The president had on Tuesday, requested that the constitutional court give orders to the Auditor General Thembekile Kimi Makwetu and Finance Minister Pravin Gordhan to determine how much he would repay for the upgrades to his private Nkandla homestead namely the visitors’ centre, amphitheatre, cattle kraal, chicken run, and swimming pool.

At present, President Zuma’s salary stands at R2.7 million a year and he is reported to have a house in Forest Town, Johannesburg, but other than that, little is known about his personal finances. The president and the Zuma family are yet to declare their stance on the issue.

Also See: ‘We Are Pained As Zuma Drags The Party Into A Hole’ – ANC Members

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