VBS: The ANC Limpopo treasury general’s R1,5 mill gift

Die Vryburger

VBS: The ANC Limpopo treasury general’s R1,5 mill gift
VBS: The ANC Limpopo treasury general's R1,5 mill gift

Evidence in the Supreme Court shows that the ANC’s Limpopo Treasury General, Danny Msiza, received R1.5 million via an intermediary. The intermediary facilitated the “investments” of multi million rand from municipal accounts to VBS bank.

A R9,5 million mortgage from Msiza’s company on a property in Pietersburg is also apparently served by VBS Bank. It appears that “bonuses” paid to mayors and financial officers amount to roughly R2 billion.

Moshate Investments, the intermediary Kabelo Matsepe’s company, received R27 million in facilitation services over a period of 27 months.

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