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 Bruce Whitfield interviews famed tech commentator Simon Dingle.
Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis about his whirlwind fact-finding mission abroad.
The Money Show’s Bruce Whitfield interviews Financial Life Planning Institute Certified Financial Planner Kim Potgieter.
The Money Show’s Bruce Whitfield interviews Spur CEO Pierre van Tonder.
The Money Show’s Bruce Whitfield interviews the CEO of Bataung Memorial Tombstones.
The Money Show’s Bruce Whitfield interviews BBC CEO Mohale Ralebitso.
Home Affairs Minister Hlengiwe Mkhize says her department will respond to all Zimbabweans under special dispensation.
Pick n Pay has been alerted by customers to errors on the latest Super Animals cards.
The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.
How old are you? Financial advisor Warren Ingram discusses the five most important ages in anyone’s investment career.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.