Guiding consumers since 2009

Treasury optimistic about Nkandla costing deadline

By Danielle van Wyk

Amidst inflation, rate announcements and the Minister of Finance’s “arrest”, the country is still awaiting to hear the cost determination from Treasury, regarding Nkandla.

“The Constitutional Court ruled on 31 March 2016 that: “The National Treasury must determine a reasonable percentage of the costs of those measures which ought to be paid personally by the President and report back to this Court on the outcome of its determination within 60 days of the date of this order,” said Treasury.

In a release, issued yesterday, Treasury said it was optimistic that it would meet the 28 June 2016 deadline.

“The National Treasury’s work to give effect to the Constitutional Court order regarding the Presidential homestead in Nkandla is progressing well and the department will be able to meet the deadline,” added Treasury.

They further clarified that the ‘cited 60 days’ as per the Constitutional Court order, referred to court days only. Therefore weekends and holidays are excluded.

The ruling further stated that President Zuma was to make payment 45 days after the Treasury deadline.

“The National Treasury has concluded several steps and the assessment and final report will be submitted to the Constitutional Court in due course. A detailed account of the work that has been undertaken, including the methodology followed will be made public at an appropriate time,” Treasury remarked. 

Recent Articles

Featured Ensure your family doesn’t feel the impact of your retrenchment

Retrenchment doesn’t only change the way you view yourself; it also alters the relationship between you and your family. Things can go from good to bad within a short space of time. But you can do something to prevent your family from feeling the impact of retrenchment.

Someone got injured on my property – now what?

Life is unpredictable and no matter how careful we are, accidents happen. But what if someone has an accident while visiting your house? Your guest could fall off the stairs, slip on the floor or get bitten by your dog. 

Are you ready for a house upgrade?

You moved into your home knowing one day you would need to make some changes to turn it into your dream home - add a new bedroom, a second bathroom, build a double storey or even move out.

How income protection can help you when you’re sick

Your greatest asset is probably your ability to earn an income, which provides a certain lifestyle and the capacity to take care of your dependants. That’s why it’s so important to protect your income against unforeseen illness or injury and to provide for your dependents after your death.


Baby Boom Toy Specials

Price: Available on request
When: Daily
Where: Online

Readers’ Warehouse Book Bundle Deals

Price: From R40
When: While stocks last
Where: Online

Bidorbuy Crazy Wednesdays

Price: From R1
When: Daily
Where: Online

Latest Guide

Complete guide on personal income tax