South Africa: SAMWU Does Not Have a Mortgage Loan With VBS

press release

The South African Municipal Workers' Union (SAMWU) has learnt with disappointment allegations made by the City Press in an article tittle “VBS loan bonanza” wherein the newspaper alleges that the union has financed its head offices in Johannesburg through a mortgage loan from VBS Mutual Bank to the tune of R11.8 million.

Despite the union's General Secretary having confirmed with the the journalist when queried about the alleged mortgage loan that the union has not financed its head offices, the publication went ahead and printed the story which is now causing reputations damage to the union.

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