Brian Shivambu, brother of the EFF’s Floyd Shivambu, has promised to pay back over R4.5 million he admits he was given by Vele Investments, according to the Daily Maverick publication.
Vele Investments is, allegedly, one of the companies seemingly set up to loot VBS coffers.
The mutual bank collapsed after being thoroughly plundered.
Brian Shivambu was implicated by Advocate Terry Motau’s report into the bank.
Shivambu says he was defamed by that report but does admit he owes the money to Vele Investments and that he did not earn it.
Sustainable Corporate Travel: A New Take On Travelling Light
Joburg Water Blames Constant Power Failures For Water Crisis
Gassing Up Western Cape Grid
Cosatu Wants Answers From Government Over Bester Escape
Ramokgopa Highlights Design Flaws In Medupi Construction
Thabo Bester Did Not Die In A Fire But Escaped From Prison – DCS
SA Won’t Go Beyond Stage 6 Power Cuts – Ramokgopa
World TB Day – Yes! We Can End TB
Medical Fees Rise By 5.3% In February – Stats SA
Power Cuts Case Continues
Ramokgopa Tours Troubled Tutuka
EFF’s No-Confidence Motion Against Speaker Fails