WATCH: Mkhize briefs CoGTA on VBS Bank scandal

Cooperative Governance and Traditional Affairs Minister, Zweli Mkhize will detail the state of municipalities that invested money in the embattled VBS Bank.

Cooperative Governance and Traditional Affairs Minister, Zweli Mkhize will detail the state of municipalities that invested money in the embattled VBS Bank.

eNCA

JOHANNESBURG - The Minister of Cooperative Governance and Traditional Affairs, Zweli Mkhize addressed Parliament’s CoGTA Portfolio Committee on Tuesday on municipalities that were affected by the VBS Mutual Bank scandal.

Last week, Mkhize met with the 14 municipalities that invested funds in the bank.

READ: Poorest of the poor deeply affected by VBS Bank ‘heist’

The briefing will look at the state of service delivery and the finances of municipalities that invested in VBS Mutual Bank.

WATCH: Former VBS Bank CEO denies wrongdoing

It’s alleged that a total of R1,5-billion was deposited into VBS as part of a short-term investment plan.

Meanwhile, Members of Parliament will debate the VBS saga in the National Assembly on Tuesday afternoon.

Edistor's note: Livestream courtesy DStv 403, you can also watch it on DStv Now.