BUSINESS MAVERICK: What happens when governance fails? A VBS whistle-blower’s account describes the price of truth

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BUSINESS MAVERICK: What happens when governance fails? A VBS whistle-blower’s account describes the price of truth By Pauli Van Wyk PaulivW

It is a Monday in June 2016 and the Executive Mayor of Capricorn District Municipality in Limpopo, Gilbert Kganyago, is angry.

So, on that Monday morning, Venter was hauled to his office in order to explain her conduct to Kganyago and a table full of his municipal henchmen. She was wrong. Venter couldn’t have known then that VBS Mutual Bank would spectacularly implode roughly two years after her altercation with Kganyago. She was unaware that her subsequent complaint to the South African Reserve Bank , lodged when VBS refused to pay back the money, would form part of a dynamic ripple effect which in the end would shine a spotlight on institutionalised criminality.

Venter noticed the first red flag when VBS management couldn’t produce an investment or credit rating when her staff asked for it. When the news hit the community newspapers in Polokwane, the curious and concerned Venter phoned her husband to inquire about what had happened. Venter was caught in the eye of a storm she didn’t pick, nor understand., Motau and Werksmans had high praise for Venter and described the events that followed:Venter’s intervention came at some personal cost to her.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

PaulivW Great story, thanks. If I was the CEO of a big organization I would appoint Mrs Venter a top salary and do everything to get this Kganyago into an orange overall.

PaulivW Eusebius can people like this lady Venter from this municipality, Nathan’s makgatho from Transnet, Dahwa from SAA not be nominated for national orders Won’t be enough but it’s a start to assist them and the nation to heal.

Unathi_Kwaza PaulivW When governance fail?

PaulivW SACP1921 must NEVER come here saying they are anti-corruption The PROOF they aren't is here for all to see.

VusiSambo PaulivW Please white people live our black brothers alone, please also speak about absa, black people we must stop listen to them...

PaulivW Anarchy Africa, no laws, no rules, no discipline, just cut and burn mentality.

PaulivW Why won't these damn white people just let us steal?

PaulivW MYANC PresidencyZA tito_mboweni please read this and make it compulsory reading for your cadres. It is time your cadres stopped corrupting everything. And please get rid of this thief Gumede from the Durban metro ASAP NicoleGraham031

PaulivW At some point in ANC history a covert decision was made that will cost SA dearly. It was the point at which patronage before principle became okay. Many blame CadreDeployment - I blame CadreProtection & shoot the messenger aka journalist/WhistleBlower

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 /  🏆 3. in TH

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