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Zuma used bank loan to refund upgrade of his private residence

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Added by Admin in International News
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South African president, Jacob Zuma, has refunded over half a million dollars into government chest. The amount was in respect of non-security upgrades that were carried out at his private residence at Nkandla.

A statement from the presidency confirmed that he had paid the amount of 7.8 million rands ($538,000) to the Reserve Bank, adding that the president took a home loan from a local bank to settle the amount.

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