VBS Scandal: Capricorn mayor explains R60m investment

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Limpopo’s Capricorn District Municipality mayor John Mpe has detailed how the entity came to invest R60-million into VBS Mutual Bank, blaming his predecessor, Gilbert Kganyago, who he said played a pivotal role in the transaction.

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micke6712 drpoppeh FrankReich9 The VBS bankrobbery-affaire starting to reveal more of it's dirty history of 'how it all became2be'....Read all about it & savour')

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VBS scandal: Mayor explains 'shady' R60m investment, blames former bossLimpopo's Capricorn District Municipality Mayor John Mpe has detailed how the entity came to invest R60m into VBS Mutual Bank, blaming his predecessor, Gilbert Kganyago. Well done on the CFO on noticing the illegitimate investment. Ingrained culture of SA: blame the previous 'boss's ' foR present corruption. No wonder SA is spiralling out of control - sad that no-one accepts accountability or responsibilty as they brazenly support and defend the corruption so deeply embedded in SA
Source: News24 - 🏆 4. / 80 Read more »

The Great Bank Heist: SACP suspends Limpopo secretary over R60m VBS investmentAs pressure mounts on political parties to act against those implicated in the VBS saga, the SACP has suspended its Limpopo Secretary Gilbert Kganyago who invested R60-million in the bank while he was mayor of Capricorn District Municipality. The ANC could take a lesson from its alliance partner. gregnicolson Provincial leaders act like corrupt tinpot dictators, and laws unto themselves while the people suffer 🤯 GovernmentZA CyrilRamaphosa MYANC DrZweliMkhize Our_DA News24 Corruption_SA ANCDSGDuarte Light 💡 is the best disinfectant gregnicolson “Thobejane said Kganyago cannot be the face of a party that stands against corruption and for improved service delivery for the poor and working class.” Nothing could be further from the truth 😂.. Thobejane suffers from delusions of grandeur😂.. thanks for the article guys 😂
Source: dailymaverick - 🏆 3. / 84 Read more »