SIU to probe Nelson Mandela Bay and South Africa needs R1.7 trillion for JET

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SIU to probe Nelson Mandela Bay and South Africa needs R1.7 trillion for JET
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Here are 5 important things happening today (16 July 2024).

The Special Investigating Unit will probe allegations of serious maladministration allegations within the Nelson Mandela Bay Metropolitan Municipality, focusing on alleged illegal activities by municipal employees and aims to recover losses from a questionable streetlight supply contract.

[Following a scandalous affidavit by VBS Mutual Bank’s ex-chairman Tshifhiwa Matodzi, National Treasury defended Dondo Mogajane, former director-general, praising the efforts in handling the bank’s collapse due to corruption among other crimes. Despite accusations against Mogajane in recent reports, the Treasury underlines that these claims are unverified and stands by its actions since 2016 to prevent illegal municipal investments in VBS.

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