DStv Channel 403 Wednesday, 11 December 2024

WATCH | VBS co-founder Madambi Muvhulawa comments on bank saga

JOHANNESBURG - Justice and Constitutional Development minister, Thembi Simelane, has appeared and presented a report on her links to VBS bank before the Justice Portfolio Committee.

WATCH: Justice Minister appears before Parliament

She admitted taking a R575,600 'commercial loan' from Gundo Wealth Solutions, a company that brokered unlawful investments of R349 million into VBS Mutual Bank.

The loan was allegedly taken out in 2016, when she was the Mayor of Polokwane.

VBS co-founder Madambi Muvhulawa discussed this with eNCA. 

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