Former health minister Zweli Mkhize exposed the truth that the Ithala Development Finance Corporation Bank loan granted to his wife who is Dr May Mkhize in 2006 was within the parameters of the law and was being serviced back until 2026. Mkhize who is now out of the parliament responded to the questions written from Daily news.
15years ago when Mkhize was still a Finance and Economic Development MEC in KwaZulu-Natal, his wife May Mkhize was granted a loan from the state-owned Ithala Development Finance Corporation to the value of R11.8m to finance a farm near Pietermaritzburg. What went viral on the news is that did Mkhize use his political favors to pocket a loan for his wife to finance a farm in Pieternaritzburg.
Her 20-year commercial loan of R11.7-million is still being serviced with interest as per the loan agreement with the bank until the year 2026. It is alleged that the current amount owing on the bond is R8 million Mkhize exposed.
Content created and supplied by: MagneticNEWS (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More