Once again Jacob Zuma proves himself to be the touchstone for value destruction. Whether by accident or design, he took out a bond to pay for Nkandla with VBS Mutual Bank, which went belly-up within a year in spectacular fashion. Whether the former president was the cause or the effect has still to be determined, but one thing we know for sure is that the effect on Zuma is positive — he won’t be "paying back the money" on that bond any time soon. James Drew Via e-mail
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.