“Forensic investigation into VBS looting at an advanced stage”

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President Cyril Ramaphosa says the forensic investigation into the VBS looting is at an advanced stage. He was speaking at the launch of the Limpopo ANC’s manifesto in Thohoyandou.


The VBS scandal shocked South Africa. According to Advocate Terry Motau’s report, almost R2 billion was looted from the liquidated mutual bank.

Top African National Congress (ANC) officials were implicated in the report.

Numerous mayors and municipal managers were recalled by the party and the President is adamant those who are found guilty will be prosecuted and jailed.

“To those who stole the VBS money the Premier has reported to me that the issue is being taken seriously. We have now upped our efforts. We are at an advanced stage with regard to forensic investigations. We are looking at it thoroughly, we have gathered sufficient evidence. People will be arrested, taken to court and prosecuted. Let’s give them a chance to conclude these investigations,” says Ramaphosa.

The President also visited the families of two Samwu leaders Timothy Musetho and Ronald Mani who were killed a few weeks ago. They had been vocal about the VBS plunder.

The media was barred from covering the visit.