VBS Bank should have been saved: Malema

The Sunday Independent - - NATION - LOY­ISO SIDIMBA loy­[email protected] African News Agency (ANA) African News Agency (ANA)

EFF leader Julius Malema says the party will write to all Cab­i­net min­is­ters to­mor­row to ask whether they had loans or mort­gage bonds with the doomed VBS Bank.

Ad­dress­ing the party’s man­i­festo con­sul­ta­tion as­sem­bly with black pro­fes­sion­als in Sand­ton, Jo­han­nes­burg, on Fri­day night, Malema claimed that sev­eral min­is­ters had bonds with VBS, which was liq­ui­dated ear­lier this month. Malema said their names were found in VBS’s loan book but were warned to move them to main­stream banks be­fore the in­ves­ti­ga­tion that found wide­spread looting was com­pleted.

He also took aim at the col­lapse of VBS, say­ing the bank should never have been shut down and those re­spon­si­ble for looting it ar­rested.

”Don’t close the VBS, ar­rest the crim­i­nals. Save the bank of the peo­ple, let’s per­fect it,” Malema said.

The EFF has asked for a tran­script of the in­ves­ti­ga­tion into VBS, says Malema. The EFF be­lieves there is a plot to si­lence it us­ing the VBS scan­dal and al­le­ga­tions that the party re­ceived money from the bank. EFF deputy pres­i­dent Floyd Shivambu’s brother Brian was found to have re­ceived over R16 mil­lion in gra­tu­itous pay­ments from the bank’s big­gest share­holder Vele In­vest­ments. Malema said the EFF had asked par­lia­men­tary ques­tions to all min­is­ters to find out if their chil­dren did busi­ness with the gov­ern­ment. Ac­cord­ing to Malema, 11 min­is­ters re­sponded and re­vealed that their off­spring had done busi­ness with the gov­ern­ment and net­ted over R100m in con­tracts.

Malema also re­peated claims the party has made against Pub­lic En­ter­prises Min­is­ter Pravin Gord­han, this time re­veal­ing that they have his bank ac­count num­ber.

He said black peo­ple who own busi­nesses should not com­mit the same in­jus­tices which they ac­cuse of white-owned com­pa­nies.

“That which you don’t want whites to do, you must not do as well,” Malema said.

EFF na­tional chair­per­son Dali Mpofu said that the party val­ued their in­put.

“This is not a gim­mick. In Jan­uary or Fe­bru­ary we will re­lease our man­i­festo,” he said, adding that their in­put would be in­cor­po­rated into the doc­u­ment.

| THE DA says it hopes the in­quiry into the Pub­lic In­vest­ment Cor­po­ra­tion will shed light on the cir­cum­stances sur­round­ing the res­ig­na­tion of the chief ex­ec­u­tive, Dr Daniel Matjila.

The party said yes­ter­day that de­spite Matjila re­sign­ing with im­me­di­ate ef­fect, it was con­cerned no de­tails had been made pub­lic.

DA spokesper­son on fi­nance David Maynier said it noted that the PIC board had ac­cepted the res­ig­na­tion.

“How­ever, this can­not be the end of the mat­ter. It is im­per­a­tive that the board makes all the facts sur­round­ing his res­ig­na­tion pub­lic,” he said.

ANC spokesper­son Pule Mabe could not be reached for com­ment.

United Demo­cratic Move­ment leader Bantu Holomisa said it had taken note of Matjila’s res­ig­na­tion.

He said Matjila should be called to ac­count for what had hap­pened at the PIC. Holomisa said Matjila would be the main per­son in the forth­com­ing in­quiry into the PIC.

Pres­i­dent Cyril Ramaphosa set up the in­quiry a few months ago and it will be­gin its work next month.

Holomisa said the for­mer PIC chief ex­ec­u­tive must ap­pear be­fore the in­quiry to give ev­i­dence.

Mkhuleko Hlengwa of the IFP said it was not sur­prised by the lat­est devel­op­ments.

He said Matjila, Deputy Min­is­ter of Fi­nance Mondli Gun­gubele and the PIC board ap­peared be­fore the Stand­ing Com­mit­tee on Pub­lic Ac­counts (Scopa) last week and want an­swers on many of the things at the cor­po­ra­tion.

Hlengwa said he would write to Scopa chair­per­son Themba Godi for Matjila to ap­pear be­fore it.

Steve Swart of the African Chris­tian Demo­cratic Party said it wel­comed the res­ig­na­tion of Matjila, but there were lots of ques­tions to be an­swered on some of the de­ci­sions taken by the PIC.

He said he hoped the in­quiry would clar­ify a lot of is­sues.

The PIC is not the only gov­ern­ment en­tity fac­ing a probe.

The South African Rev­enue Ser­vice is be­ing in­ves­ti­gated by re­tired Judge Robert Nu­gent’s com­mis­sion, which rec­om­mended to Pres­i­dent Cyril Ramaphosa in its in­terim re­port that for­mer Sars boss Tom Moy­ane be fired.

Ramaphosa fired Moy­ane, who is con­test­ing it in court.

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