Some opposition parties in the Vhembe District Municipality in Limpopo believe that the council is unable to discuss VBS related matters because some councillors are implicated in the bank’s collapse.
Seven suspects in the VBS Mutual Bank scandal are expected to appear in the Specialised Commercial Crimes Court sitting in Palm Ridge east of Johannesburg on Thursday.
Former CFO of the now defunct VBS Mutual bank, Phillip Truter, has confirmed that he’s turned state witness against his seven co-accused.
A legal expert with the Limpopo Society of Advocates, Sidwell Sikhwari says the ruling by the High Court in Pretoria setting aside some of the findings against an ANC treasurer Danny Msiza in the Reserve Bank report, Great Bank Heist, is not an exoneration.
The Limpopo ANC Provincial Executive Committee has welcomed the decision of the High Court in Pretoria, which has cleared treasurer Danny Msiza on some of the allegations in the looting and collapse of the defunct VBS Mutual Bank.
Limpopo’s ANC Treasurer Danny Msiza has been cleared of any wrongdoing in the VBS looting and collapse. The High Court in Pretoria set aside the adverse findings and remarks against Msiza, which are contained in the Reserve Bank’s report, “The Great Bank Heist” on Tuesday.
Gauteng ANC has sought to explain their reasons for firing the Merafong Municipal mayor, Maphefo Letsie, and MP Boyce Maneli.
The African National Congress in Gauteng has fired Merafong Municipal Executive Mayor, Maphefo Letsie and recalled Boysie Maneli from Parliament.
The civic organisation, SANCO, in Limpopo, is demanding the resignation of the municipal councillors involved in the VBS scandal. The orgnization argues that the councillors are not fit to handle funds meant for service delivery.
The African National Congress (ANC) Veterans League in Limpopo has criticised the ANC National Executive Council’s decision to reinstate the two senior officials who had been suspended for their alleged involvement in the looting and collapse of the now-defunct VBS Mutual Bank.