VBS scandal: ANC tables motion to debate report in Parliament

2018-10-18 16:52
ANC chief whip Jackson Mthembu. (Conrad Bornman, Gallo Images, Rapport, file)

ANC chief whip Jackson Mthembu. (Conrad Bornman, Gallo Images, Rapport, file)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

The ANC has tabled a motion for debate in the National Assembly on the VBS Mutual Bank report.

"The ANC parliamentary caucus saw it prudent to bring this matter of public importance, affecting the most vulnerable of our people, who invested their hard-earned monies in the VBS Mutual Bank, to Parliament for debate," reads a statement from the office of ANC chief whip Jackson Mthembu on Thursday.

This after a meeting of Parliament's programming committee.

"Our stance on this matter is informed by our conviction that those who have been found guilty of any wrong [must] be processed by our law enforcement agencies."

READ VBS scandal: Parliament's ethics committee to investigate Floyd Shivambu's role

ANC members have also been implicated in the report by advocate Terry Motau and law firm Werksmans Attorneys, which was released last week and detailed large-scale looting of R1.8bn.

The names of the party's provincial deputy chairperson in Limpopo Florence Radzilani and treasurer Danny Msiza were among the 53 mentioned in Motau's damning report.

In the report, Msiza is painted as a political influencer and fixer who got municipalities to invest in the mutual bank.

Referrals to integrity commission

Also named in the report is Brian Shivambu, brother of EFF chief whip Floyd Shivambu, who allegedly received R16m.

READ: Mariette Venter, VBS and the resistance against the looting of the state

It has also been reported by the Daily Maverick that R10m of that money found its way to Floyd, and R1.3m to the EFF. Floyd denied the allegations and called them "insanity" and "madness".

Mthembu said the report "points to massive fraud committed with about R1.9bn looted from the bank".

"We further reiterate the stance of our organisation that leaders and members of the ANC who are implicated and/or accused of wrongdoing in the report [must] be referred to the integrity commission of the ANC," said Mthembu.

"This is in line with the ANC's 54th conference resolutions on combatting fraud and corruption and restoring the values and integrity of the ANC."

The motion, titled "The VBS Mutual Bank Report: The Great Bank Heist - a matter of public importance", will be debated in the National Assembly on Tuesday, October 23.

The plenary session will start at 14:00.

The ANC's announcement comes a day after DA leader Mmusi Maimane wrote to Speaker Baleka Mbete, requesting an urgent debate on the matter.

KEEP UPDATED on the latest news by subscribing to our FREE newsletter.

- FOLLOW News24 on Twitter

Read more on:    anc  |  parliament 2018  |  corruption

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Traffic Alerts

Jobs in Cape Town [change area]

Jobs in Western Cape region

SQL Reporter

Cape Town
Communicate Cape Town IT
R10 000.00 - R12 000.00 Per Month

Cluster Financial Manager

Cape Town
Network Finance
R950 000.00 - R1 000 000.00 Per Year

Reporting Accountant

Cape Town
Network Finance Professional / Prudential
R310 000.00 - R360 000.00 Per Year

Property [change area]

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.