Finance Minister Tito Mboweni said on Tuesday that it was 'a huge concern' that South Africa was failed by VBS Mutual Bank external auditors - a clear reference to KPMG, which again finds itself amid scandal - but also the internal auditors, the bank's board compliance committee and a host of others, who should have spoken up and did not.
Mboweni's comments in Parliament were unusually candid. Now law enforcement agencies should act 'with speed, no dilly-dallying', he added, as must political parties, 'to deal with their members who are found wanting'.
EFF Deputy President and Chief Whip Floyd Shivambu missed Tuesday's meeting of the finance committee for obvious reasons - the VBS fightback was on at EFF HQ. At that press conference to respond to the South African Reserve Bank (SARB) report by Advocate Terry Motau, SC, and Werksmans which outlined looting of R2-billion, the EFF said it was nothing but a smear campaign to say that either the EFF or Shivambu got any money in any untoward way from VBS Mutual Bank.
Action would be taken if anything was proven....
Read the full story on Daily Maverick.
Ace Magashule's Unstoppable Oncoming Train, Now a Few Metres Closer
VBS Scandal - DA Wants Hawks to Investigate Floyd Shivambu
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.