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Zuma does have bond on Nkandla - Presidency


President Jacob Zuma says he does have a bond on his Nkandla residence with one of the national banks which he's still paying off.

The presidency said on Tuesday that it noted weekend newspaper reports implying that President Zuma may have misled parliament when he said he had a mortgage bond on his Nkandla residence.

City Press reported that a deeds search had revealed that the land is in fact owned by the Ingonyama Trust, headed by King Goodwill Zwelithini, which manages about 32 percent of all land in KwaZulu-Natal on behalf of the state for the benefit of its occupants.

Presidential spokesperson, Mac Maharaj, said "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," he added.

Responding to a question whether president Zuma would be willing to provide proof of this, Maharaj said "the evidence will be readily made available to an authorised agency or institution empowered by the law of the land."

He said "it is not being released to media to respect the privacy of the President as well as customer-institution confidentiality."