The President will have to pay R78 000 per month for 20 years to pay back this loan. He earns R140 000 per month, after tax.— Theo Vorster, Galileo Capital
The state-owned Public Investment Corporation owns 25% of VBS Mutual Bank.— Bruce Whitfield, The Money Show
Last year, the Public Investment Corporation loaned R300 million to VBS Mutual Bank.— Bruce Whitfield, The Money Show
The Presidency says it has complied with the Constitutional Court order compelling him to pay R7.8 million to Sars in respect of his Nkandla homestead.
According to a statement, Jacob Zuma raised the money through a home loan obtained from VBS Mutual Bank on its standard terms, “one of the few financial institutions which offer home loans in respect of land owned by traditional authorities”.
The Money Show’s Bruce Whitfield interviewed Theo Vorster, CEO at Galileo Capital.
Scroll down for more quotes from the audio below.
It’s going to be difficult to make a case that Jacob Zuma can afford this loan.— Theo Vorster, Galileo Capital
There’s a question about the surety. There’s also a question about affordability.— Theo Vorster, Galileo Capital
Jacob Zuma has some kind of a bond at First National Bank.— Theo Vorster, Galileo Capital
Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).
Bruce Whitfield interviews Prof Ian Goldin, author of “Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance”.
You should make lots of money (while you sleep!) if you invest in this company suggested by Investment Analyst Nadim Mohamed.
Cocoa is the main ingredient in chocolate; the reason for living. Bruce Whitfield interviews Nomu Brands cofounder Paul Raphaely.
Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram for his weekly personal finance feature.
The Money Show’s Bruce Whitfield interviews BBC CEO Mohale Ralebitso.
Is it viable to dredge the Cape’s dams – while levels are low – to increase their storage capacity?
Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…
Have you held onto childhood pain? Are you harboring deep-seeded resentment towards your parents? You need this expert advice.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.