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New proof ahead of the high court shows that ANC Limpopo treasurer basic Danny Msiza presumably really benefited through the wide-scale looting of VBS Mutual Bank, despite their denials

New proof ahead of the high court shows that ANC Limpopo treasurer basic Danny Msiza presumably really benefited through the wide-scale looting of VBS Mutual Bank, despite their denials

Msiza presumably received more than R1.5m paid to a business of that he and their spouse are directors, from the middleman whom facilitated multimillion-rand unlawful deposits from municipalities into VBS, Kabelo Matsepe.

Matsepe’s business Moshate, also presumably assisted in servicing A r9.5m relationship vbs awarded to Msiza’s business for a Polokwane home under questionable circumstances by VBS.

Msiza ended up being identified in a report that is explosive advocate Terry Motau, SC, en en en titled The great bank heist’ , as a kingpin who facilitated through their governmental influence the ‘investments’ by Limpopo municipalities in VBS bank, totalling billions of rands.

VBS ended up being placed directly under curatorship in March this which led to many of the municipality’s deposits being ‘frozen’ year. These municipalities are actually dealing with monetary spoil and are usually placed directly under management while they find it difficult to get over the depletion of these coffers. [···]

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