National African Federated Chamber Of Commerce And Industry

IDC under scrutiny as entrepreneurs detail liquidation fallout

An entrepreneur has accused the Industrial Development Corporation of rigid recovery practices that ignore the impact of Covid-19, as calls grow for an inquiry into its treatment…

Brian Sokutu

12 min read

Comrades in arms: (from left) Stanley Mathabatha, Florence Radzilani, Soviet Lekganyane, Bishop Israel Makamu and Daniel Msiza during the ANC’s Limpopo provincial conference in June 2018 in Polokwane. The party has reinstated Radzilani and Msiza, who are among the people implicated in the looting of VBS Mutual Bank. (Photo: Antonio Muchave/Gallo Images/Sowetan)

AFRICAN NATIONAL CONGRESS

16 JUL 2020

VBS looting haunts the ANC in Limpopo

The ANC is facing a revolt over the looting of VBS bank, which took money from poor communities, with warnings of electoral consequences in 2021 local elections

Thanduxolo Jika
Mail Guardian Correspondent

7 min read