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VBS returns to haunt Shivambu as lawmakers find he didn't disclose payments


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VBS returns to haunt Shivambu as lawmakers find he didn't disclose payments

EFF Deputy President Floyd Shivambu
EFF Deputy President Floyd Shivambu

2nd October 2023

By: News24Wire


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Economic Freedom Fighters (EFF) deputy president Floyd Shivambu failed to disclose three payments from the now-defunct VBS bank, according to Parliament's acting Registrar of Members' Interests, advocate Anthea Gordon.

Gordon made this revelation in response to a complaint by the Democratic Alliance (DA). 


In a letter Gordon wrote to the DA on Monday, which News24 has seen, she said: "I write on behalf of the Joint Committee on Ethics and Members' Interests ('the committee') who at its meeting of 28 September 2023 finalised its deliberations on your complaint dated 18 October 2019 against Hon. Shivambu, MP."

According to Gordon, the complaint "related to the Venda Mutual Bank Society (VBS) scandal". 


"The committee obtained an affidavit by the liquidator in the VBS liquidation matter which identified that three payments were made to Floyd Shivambu ... by Sgameka Projects Pty Ltd [the company of Shivambu's brother, Brian] during 2017."

These payments are:

  • 18 August 2017: R100 000
  • 24 August 2017: R30 000
  • 26 August 2017: R50 000

According to Gordon, the committee noted that Shivambu had not disclosed the payments and had breached the Code of Ethical Conduct and Disclosure of Members' Interests.

Gordon added that the committee resolved to recommend that the House reduce Shivambu's salary by nine days. 


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