Kaya 959 Point of View with Phemelo Motene

Calls for Justice Minister to account amid VBS scandal

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Justice Minister Thembi Simelane took a loan of more than half a million rand from a company that brokered unlawful investments of R349-million into VBS Mutual Bank by the Polokwane Municipality while she was mayor of the city in 2016. Thembi Simelane used the “commercial loan” of R575,600 from Gundo Wealth Solutions owned by Ralliom Razwinane to purchase a coffee shop in Sandton. Razwinane and Gundo also brokered investments on behalf of VBS Mutual Bank, and the Polokwane Municipality invested R349-million in the bank. Phemelo speaks to Investigative Journalist at the Daily Maverick Pauli Van Wyk and ActionSA Parliamentary Leader, Athol Trollip.
27 Aug 2024 4PM English South Africa Education · Careers

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