President Zuma does have a Home Loan

20 November 2012

The Presidency has noted weekend newspaper reports implying that President Jacob Zuma may have misled the National Assembly when he said he had a mortgage bond on his residence in Nkandla.

We reaffirm that President Zuma does indeed have a bond on the residence with one of the national banks and he is still paying it off monthly.

We urge the media to respect the agencies that are investigating the various aspects of the security enhancements at the residence as speculations and rumour-mongering will not assist the process.

Update: Proof will be provided

We have noted requests for proof of the evidence of a mortgage bond for the first phase of the Nkandla residence as mentioned by President Zuma in the National Assembly last week.

The evidence will be readily made available to an authorised agency or institution empowered by the law of the land.

It is not being released to media to respect the privacy of the President as well as customer-institution confidentiality.

Statement issued by The Presidency, November 20 2012

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