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

Posted on November 26, 2019. Filed under: Persuasive Speech Outline Templates |

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

Msiza presumably received more than R1.5m paid to an organization of which he along with his spouse are directors, from the middleman whom facilitated multimillion-rand illegal deposits from municipalities into VBS, Kabelo Matsepe.

Matsepe’s business Moshate, additionally presumably assisted in servicing a bond that is r9.5m provided to Msiza’s business for the Polokwane home under questionable circumstances by VBS.

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

VBS had been placed directly under curatorship in March this 12 months, which resulted in most of the municipality’s deposits being ‘frozen’. (more…)

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