The nation is reeling following newspaper reports that an EFF employee who is also the brother of the party’s Deputy President Floyd Shivambu is alleged to have pocketed 16-million-rand from the “great Bank Heist” at VBS Mutual Bank.
In March this year, regulator of all the banks in South Africa – which is he South African Reserve Bank – had appointed investigators to probe liquidity challenges at VBS Mutual Bank.
Advocate Terry Motau was appointed the curator of the bank. He took over the running of the bank in the same month. His forensic report was released in October.
Joining us live on SKYPE now … We get reaction from Mr Khulekani Mathe. He is the Senior General Manager: Financial Inclusion Division – from the Banking Association of South Africa.
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