BREAKING | The Gauteng North High Court has set aside parts of the report which related to Msiza’s role in the looting of over R2bn at the bank. kgmadisa
ANC Limpopo heavyweight Danny Msiza has successfully challenged the VBS Mutual Bank report by Advocate Terry Motau which pointed at him as a mastermind of looting that took place at the bank.
The Gauteng North High Court has set aside parts of the report which related to Msiza’s role in the looting of over R2bn at the bank. Titled ‘The Great Bank Heist’, the report said Msiza used his political power to intervene numerous times in influencing municipalities in Limpopo to invest in the now defunct bank.
The report further said that Kabelo Matsepe, who was fingered as an intermediary between municipalities that invested the money and the bank, in fact worked for Msiza who is the ANC Limpopo provincial treasurer.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
National School of the Arts cash-strappedThe public school is experiencing some financial challenges, mainly due to the COVID-19 lockdown.
Read more »
Merafong municipality mayor mum on her future amid calls for her resignation over VBS investmentsMaphefo Mogale-Letsie remains tight-lipped about her future in the Merafong council following the Gauteng ANC’s call for her to step down over her alleged failure to act against officials who invested municipal funds in VBS Mutual Bank.
Read more »
How to ready your business for the challenges and opportunities of the new worldRegister for the next conversation on how to succeed in a crowded e-commerce space on August 27 2020
Read more »
Microsoft faces complex technical challenges in TikTok carveout
Read more »
Quilter returns to profit amid improved net client inflowsWealth manager reports profit after tax of £43m in six months to end-June
Read more »
PODCAST | Gender transformation in the vehicle finance and automotive sectorRa’eesa Omarjee of Absa Vehicle and Asset Finance discusses the opportunities and challenges women face in the automotive sector
Read more »