{"id":112111,"date":"2016-02-11T22:00:07","date_gmt":"2016-02-11T20:00:07","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=112111"},"modified":"2016-02-11T21:18:31","modified_gmt":"2016-02-11T19:18:31","slug":"the-luxury-homes-zuma-could-buy-with-the-money-he-owes-for-nklandla","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/112111\/the-luxury-homes-zuma-could-buy-with-the-money-he-owes-for-nklandla\/","title":{"rendered":"The luxury homes Zuma could buy with the money he owes for Nklandla"},"content":{"rendered":"

President Jacob Zuma’s Nkandla saga has moved on from whether or not he will “pay back the money” – to how much he will pay back.<\/p>\n

The president’s legal team conceded this week in the Constitutional Court that Zuma was bound by the Public Protector’s findings that he is liable to pay back a portion of the money that was spent on non-security related upgrades to his home.<\/p>\n

Before the court proceedings, Zuma put forward a proposal where he agreed to pay back a portion of the money – an amount to be determined by the National Assembly and the SAPS.<\/p>\n

In March 2015,\u00a0the Democratic Alliance calculated that Zuma owed as much as R52.9 million for the upgrades to his home.<\/p>\n

Some legal experts however, argued that the number could be as low as R10.5 million.<\/p>\n

\"Nkandla

Nkandla bill<\/p><\/div>\n

Taking the DA’s Nkandla bill above into account, BusinessTech looks at some properties that the president could have bought, instead.<\/p>\n

At current rates, R53 million is about $3.3 million.<\/p>\n

South African options<\/strong><\/p>\n

\"Sandhurst<\/p>\n\n\t\t