Discover and read the best of Twitter Threads about #vbs

Most recents (6)

#FloydShivambu’s slush fund Grand Azania paid over half a million rand for his wedding celebrations in April 2017. This is the same account FS has tried his best to disown before, stuffed with all sorts of dodgy & illegal money, including R6,16m from #VBS…
#FloydShivambu's millions:
#Scorpio’s investigation shines a spotlight on how #Shivambu asks for money from dodgy businessmen, which he then directs towards his front company Grand Azania, the company he ultimately controls & benefits from.…
#FloydShivambu's millions:
Investigation tells us:
1. #Shivambu cannot hide behind his brother Brian anymore;
2. There is much more than illegal #VBS money flowing through accounts FS control;
3. Evidence suggests a patronage network funding his lifestyle…
Read 12 tweets
The lifestyle & political aspirations of #EFF's #JuliusMalema were funded by #VBS Mutual Bank. VBS-money funded expenses at Checkers & Gucci as well as Polokwane party venue #MeketeLodge. The slush fund's bank card also followed JM around the country:…
In July 2018, 100s of panicked people queued for days at VBS headquarters in Thohoyandou, Limpopo, in an attempt to extract their money from the failed bank. For some, the flames of panic were fuelled by the knowledge that their entire life’s savings were deposited at VBS.
Meanwhile,also in July 2018, #JuliusMalema utilised beneficiary of VBS-loot #MahunaInvestments’ bank card to spend R900k on Gucci & Le Coq Sportif in Sandton City R27,094, Durban July R30,860, Hampshire Hotel in Ballito R11,560, #MeketeLodge R416,900,Nando’s in Vryburg R149.
Read 12 tweets
#PICInquiry resumes today at 9:30
Dan Matjila will be on the stand for the 3rd week. He was meant testify on #Ayo today. But assistant to Commissioner Gill Marcus is absent & the whole team needs to be present. Matjila will speak on Erin Energy, Daybreak Farm & EchoBank. #eNCA
#PICInquiry PIC got into a number of questionable companies, allegedly not following proper processes. Matjila will answer to these allegations and define his role in the investments. #eNCA
#PICInquiry Matjila starts off by speaking on the #DayBreak Farms deal whether the PIC invested into the company that was basically insolvent. Matjila says Roy Rajdhar explained in detail about the investment & it was made to drive transformation in agriculture sector. #eNCA
Read 15 tweets
The 1st big ticket item on #KabeloMatsepe’s shopping list was a R2.39-million Range Rover.
Range Rover was “financed”, but typically of how VBS was run, #Matsepe never serviced the loan.…
#KabeloMatsepe’s 2nd big acquisition with the looted money was a nearly R5.5-million bonded house in Midstream Estate, Centurion. Bank statements suggest that Matsepe paid only R1.97-million towards the 900 square metre house.
#KabeloMatsepe is 27. He received R35.4-million in stolen VBS money, paid for “commissions”.
The lion share of the loot was sent to Matsepe’s company, Moshate Investment Group.
Moshate now claims to be a VBS creditor, and wants R21,6-million *more from the bank.
Read 3 tweets
What motivated @Julius_S_Malema's unprovoked , unprecedented and unprincipled attack on the new #NDPP head , advocate #ShamilaBatohi ? Does the looting of #VBS by EFF and fear of prosecution explain this arrogance and total stupidity on his part ? Dictum of attack as defence .
I join millions of patriotic #SouthAfricans in welcoming advocate #ShamilaBatohi as head of #NDPP . She must not be deterred by some unscrupulous and mindless @EFFSouthAfrica leaders who try to draw her to their political wars . She must refuse to be an eff political football .
We want to give @Julius_S_Malema and his @EFFSouthAfrica free advice , don't judge #ShamilaBatohi before she even starts her work , judge her by what she does in her appointed position . Some of us are confident that she will do her work without any fear , prejudice or favour .
Read 5 tweets
@_Revolution18 @SAReserveBank @amaBhungane @OUTASA I asked th racist @OUTASA abt this but they blocked me😂 instead of answering my questions.

OUTASA is the same as @Corruption_SA,@Our_DA, FUL,AfriForum,HSF,FreedomUnderLaw,...their MANDATE isto portray BLACKS as corrupt

@_Revolution18 @SAReserveBank @amaBhungane @OUTASA @Corruption_SA @Our_DA ST GEORGE’S FINE FOODS should offer shares to Black staff members as part of reconciliation.

@_Revolution18 @SAReserveBank @amaBhungane @OUTASA @Corruption_SA @Our_DA WMC & their Black stooges hv taken a resolution to completely privatise South Africa electricity supply.

Eskom to retrench thousands of Black workers.

Who'll benefit frm Eskom destruction?
WMC,SACP,ANC veterans,Ramaphosa,Gordhans

Read 76 tweets

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