Mail & Guardian
Mail & Guardian

Sgameka Projects

latest news & developments
Former VBS Bank chairperson Tshifhiwa Matodzi’s leaked affidavit alleged the involvement of a number of people in the looting of the bank, including EFF leader Julius Malema and deputy president Floyd Shivambu. (Photo by Per-Anders Pettersson/Getty Images)
ANC

VBS victim: EFF wants stolen land returned but won’t pay back our looted life savings

Victims say ANC is “afraid” to act against implicated MEC Florence Radzilani

  • Lunga Mzangwe
9 min read
EEF leader Julius Malema.
ACCOUNTABILITY

Can the EFF survive the VBS Bank heist scandal?

It could be an opportunity for new Economic Freedom Fighters leaders to emerge, but this depends on whether Julius Malema and Floyd Shivambu are charged

  • Khumo Kumalo
4 min read
Economic Freedom Fighters deputy president Floyd Shivambu. (Delwyn Verasamy/M&G)
BMW

Parliament’s findings against Shivambu prove nothing, says EFF 

The Economic Freedom Fighters deputy president failed to declare money transferred to him from a company owned by his brother, known as a VBS Mutual Bank beneficiary

  • Lizeka Tandwa
4 min read
Doth protest too much: Floyd Shivambu denies benefiting from VBS Mutual Bank looting and that he sold his ‘old’ BMW to his brother Brian, the amout of which equalled the shortfall for his new Range Rover
BMW

The case against Floyd Shivambu

The flow of money from VBS Bank would seem to suggest that the EFF’s second-in-command was an ultimate beneficiary of proceeds of a crime

  • Thanduxolo Jika
4 min read
EFF deputy CIC’s younger brother, Brian Shivambu. (Facebook)
ANOOSH ROOPLAL

VBS curator in court to recover Shivambu loan

Brian Shivambu has not serviced the loan and is in arrears of more than R2.7-million

  • Sabelo Skiti
4 min read