Lifestyle of South Africa's Malema Funded by Stolen Millions?
According to the Daily Maverick's Scorpio investigative journalism unit, Julius Malema's share of the R16.1-million stolen from VBS Mutual Bank and paid out to Sgameka Projects, the company owned by Brian Shivambu, the brother of Economic Freedom Fighters (EFF) deputy president Floyd Shivambu, bankrolled the EFF leader's lifestyle, business prospects and political aspirations.
Economic Freedom Fighters leader Julius Malema (file photo).
The South African Reserve Bank has in a brief statement said it has been made aware of Africapacity's intention to buy VBS Mutual Bank, or part of it. It said the banking licence ... Read more »
Prudential Authority CEO Kuben Naidoo of the South African Reserve Bank has said in an affidavit that the release of 'The Great Bank Heist Report', which probed how billions worth ... Read more »
Finance Minister Tito Mboweni has called for tough action to be taken against officials tied to the VBS Mutual Bank looting scandal during his maiden appearance before parliament's ... Read more »
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