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 interviewed EWN reporter Rahima Essop and Prof Somadoda Fikeni, Adviser to Unisa's Vice-Chancellor.
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
In other words; you’re probably a victim. The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.
The Money Show’s Bruce Whitfield interviews BBC CEO Mohale Ralebitso.
AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.
Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.
The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).
A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.