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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)

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

Economic Freedom Fighters deputy president Floyd Shivambu. (Delwyn Verasamy/M&G)

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

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

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

Court order: Brian Shivambu’s company escaped liquidation when he settled its debts with the VBS Mutual Bank liquidator, but he still has to pay the legal costs.

Shivambu hit with VBS legal bill

Brian paid back the money before liquidator could attain records to company dealings. He incurred costs, however

Laundry: The Economic Freedom Fighters’ 2IC, Floyd Shivambu (above), says the VBS money his brother Brian (below) to paid to a car dealership is clean, because Brian has repaid the loans from the now defunct mutual bank. (David Harrison/M&G)

VBS’s R680k paid for Floyd’s wheels

Floyd Shivambu claims that a shortfall of more than R600 000 to buy his R1-million Range Rover was paid by his brother, who bought his 2012 BMW

EFF deputy CIC’s younger brother, Brian Shivambu. (Facebook)

Brian Shivambu ordered to pay R1.8m for unpaid VBS loan

The order is in relation to an application by the liquidator of the VBS Bank, as part of a R4-million loan granted to the younger Shivambu’s company

EFF deputy CIC’s younger brother, Brian Shivambu. (Facebook)

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

This week’s M&G is now free to read.

Unembargoed: November 30 to December 6

Brian’s company made the payments. Floyd’s belongings were allegedly stolen from there, but both deny staying in the Fourways apartment

Not me: Economic Freedom Fighters deputy leader Floyd Shivambu denied that he ever stayed in his brother’s apartment. (Delwyn Verasamy)

Shivambu used VBS money for flat

Transfers were made from Brian Shivambu’s company for the property in Fourways

At the end of October, the prudential authority applied to court to liquidate VBS. (Antonio Muchave)

Court orders liquidation of VBS

The Reserve Bank placed VBS under curatorship in March this year after the mutual bank had experienced what had then appeared to be a liquidity crisis

All articles in this week’s unembargoed are free to read

Unembargoed: October 26 to November 1

Malema’s family ties to VBS: R5.9-million is alleged to have been paid from Floyd’s brother to Malema’s relative

Matsobane Phaleng (left), cousin to Julius Malema (second left), received payments from Brian Shivambu’s company. Tshepo Malema (second right) and Phaleng got controversial feeding scheme contracts

Juju’s cousin also linked to VBS

R5.9-million is alleged to have been paid from Floyd’s brother to Malema’s relative

The EFF’s second-in-command Floyd Shivambu has denied ever receiving R10-million. (David Harrison/M&G)

Malema: Linking EFF to VBS is an attempt to weaken the party

The party held a briefing at its headquarters in Johannesburg on Tuesday to clarify its position on the VBS saga

The EFF’s second-in-command Floyd Shivambu has denied ever receiving R10-million. (David Harrison/M&G)

Malema: Floyd brought us his financial statements

The EFF has responded to allegations its deputy president Floyd Shivambu unlawfully benefitted from the VBS scandal

Mail & Gaurdian

VhaVenda king offers to pay back VBS money

King Toni Mphephu Ramabulana said that if he had received payments fraudulent payments, it was without his knowledge

This week’s M&G is now free to read online.

Unembargoed: October 12 to 18

Floyd must account. The M&G looks at Shivambu’s link to his brother’s business bank account in the VBS scandal.

EFF deputy president Floyd Shivambu. (Madelene Cronje/M&G)
Video

Shivambu blames ‘weapons of mass deception’ for alleged VBS links

EFF deputy president denies receiving R10-million from embattled VBS Mutual Bank

Saica’s members that are implicated include former chief executive Andile Ramavhunga and former holding company Vele Investments chairperson Tshifhiwa Matodzi. (SABC)

Saica to take action against accountants implicated in VBS Bank ‘heist’

Saica’s members that are implicated include former CEO Andile Ramavhunga and former holding company Vele Investments chairperson Tshifhiwa Matodzi

EFF deputy president Floyd Shivambu. (David Harrison/M&G)

PIC, VBS, Floyd and his baby brother

Text messages, whistle-blower accounts and Holomisa tie the Shivambu brothers to the heist