Statement on the President's bond
21 November 2012
The African National Congress has always believed in the statement of President Zuma that he has a bond with one of the commercial banks that financed his eNkandla home. The statement by the Office of the President that he is willing and ready to disclose the details of the bond to any authorized agency or individual confirms that the argument suggesting that there was no bond or alternatively that President Zuma lied in Parliament on this matter, was made with bad intentions to undermine the person of Jacob Zuma as the President of the country.
It also sought to unduly influence ANC processes and outcomes going to Mangaung. We hope that those including some newspapers who were peddling malicious statements on the 'non-existence' of the bond without any poof will desist from casting aspersions and misleading the public. The false accusations leveled against the President do not augur well for public confidence in our media.
The insistence of those who claimed that there was no proof of any bond is premised on strange and unprocedural process of hoping to access confidential information from the banks and those authorized by our laws. In terms of the law that governs commercial transactions there is an obligation on the part of transacting parties to protect private and confidential information.