VBS minority shareholders vowed not to participate in the ANC’s internal consultation process on the reinstatement of Limpopo party leaders implicated in the looting scandal: sundayIndy
The minority shareholders of Venda Building Society Mutual Bank have vowed not to participate in the ANC’s internal consultation process on the reinstatement of Limpopo party leaders implicated in the looting scandal.
In a statement released on Saturday, the minority shareholders accused the ANC of having allowed the National Treasury and the SA Reserve Bank to deprive the Vha-Venda people of their proud heritage in pursuance of factional political battles. Radzilani, the former mayor of Vhembe District Municipality, had been accused of recieving a R300 000 Christmas “gift” while Msiza was alleged to have been a kingpin. Both maintain their innocence and challenged the report by Adv Terry Motau on behalf of the SARB.“We, the minority shareholders of VBS note and welcome the resolution by ANC to reinstate Two PEC leaders who have been suspended for the past two years.
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