You win some, you lose some. In Jacob Zuma’s case, though, it’s you lose a little, you win a lot.
Earlier this week, the presidency confirmed that Zuma paid back the Nkandla money.
He had taken out a home loan for R7.8 million with VBS Mutual Bank, which is partly owned by government’s Public Investment Corporation.
No doubt the prez, being the prez, got a really good interest rate.
Not that he needs it.
On an estimated salary of R240 000 a month, it wouldn’t break the bank too much making the instalments of R78 000.
That was the bad news for Zuma.
The good news is that he’ll be getting R100 million to lease out a new VIP presidential plane.
The old model, 15-year-old Inkwazi, is apparently experiencing technical issues and is due for a trade-in.
We can’t have a president risking his life on important international trips, can we?
So defence minister Nosiviwe Mapisa-Nqakula announced that government was pushing through the acquisition of the aircraft, which will be off the ground in 18 months’ time.
Finance minister Pravin Gordhan won’t be happy about this.
Gordhan, who is known to walk the talk when it comes to budgeting, is often seen flying economy class on SAA flights. But not his boss, JZ.
The public won’t be too impressed with this news either.
If R7.8m was perceived to be a slap on Zuma’s wrist, the R100m is a Rolex on his wrist.