Two suspects to appear in the Thohoyandou Magistrate's Court on charges related to VBS Mutual Bank saga - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Two suspects arrested in Limpopo for alleged corruption and maladministration related to the investment made by the Thulamela Local Municipality in the now-defunct VBS Mutual Bank are expected to appear in the Thohoyandou Magistrate’s Court on Tuesday.

The Thulamela Local Municipality invested R30 million in the bank but managed to get it back before the bank collapsed.

One of the suspects, a former Mayor in the Thulamela Local Municipality, is accused of accepting a vehicle valued at more than half a million rand through a well-known VBS money laundering third party.The second suspect, who is still serving at the municipality as a senior official, allegedly contravened the Municipal Finance Management Act.against its members with keen interest.

Selamolela said, “The ANC provincial executive committee had on a special meeting held on Wednesday took a decision to withdraw and replace comrade Avhashoni Tshifhango as the Mayor of Thulamela Municipality and replace him with Humbulani Mulovhedzi who is the current speaker of Thulamela municipality.”whose municipalities also irregularly invested in VBS.

He said, “We continue to review reports and process them as they come in relation to this particular matter of the VBS. We committed to you as the media houses that whenever we get further information in any other matter we will continue to process those particular matters. When we release the seven matters earlier, a year or two years ago, we have made this commitment we continued to live up to that commitment.

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Even more “government officials” lining their pockets with false tenders, overpayments, stealing from OUR taxes & funds. Nothing will be done, as leadership just don’t know exactly how much these ‘minor officials’ can leak about others higher up. More money stolen from peeps.

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Are they EFF officials according to Paula Van Wyk and House Negros'

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