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
The Money Show’s Bruce Whitfield interviews Tech Reporter Aki Anastasiou.
There are growing calls for governments to be given access to people’s data. Is that fair?
The Money Show’s Bruce Whitfield interviews Investec CEO Stephen Koseff and Standard Bank joint-CEO Sim Tshabalala.
The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigator Susan Comrie.
The Money Show’s Bruce Whitfield interviews Gumtree South Africa Country Manager Johan Nel for his weekly “ShapeShifter” feature.
The Money Show’s Bruce Whitfield interviews BBC CEO Mohale Ralebitso.
The Money Show’s Bruce Whitfield interviews Gordon Institute of Business Science’s Professor Nick Binedell.
Analyst Nic Borain says it's unclear whether Zuma's decision to ask Gordhan to return home is related to a Cabinet reshuffle.
EWN Reporter Stephen Grootes looks at possible reasons why the President called Pravin Gordhan back into the country.
Hot tip alert! Mia Kruger of Kruger International Asset & Wealth Management shares her stock picks of the week on The Money Show.
Finance Minister Pravin Gordhan confirms he was planning on returning early from an investor roadshow.
The Department of Basic Education wants the curriculum to include more contemporary literature.
Bruce Whitfield interviews one of our most beloved artists of all time about his money hopes, fears, successes, failures, etc.
Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.