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A company inextricably linked to the Brothers Shivambu benefited from a questionable R4-million VBS Mutual Bank business loan. Before the bank was put under curatorship, VBS managed to advance about R2.1-million towards the intended business – a wine bar and restaurant in Vilakazi Street, Sow...
The EFF leaders each received millions through a money laundering scheme – funds they used to prop up their glitzy lifestyles, their families, their businesses and their political aspirations.
EFF Deputy Leader Floyd Shivambu claims he is the victim of 'lies and defamation', after a financial probe linked him to illicit activity.
SARS’s Criminal and Illicit Economic Activities division traced stolen VBS money through two front companies into EFF deputy leader Floyd Shivambu’s FNB Private Wealth bank account. Shivambu’s sustained charade of ‘fighting for the poor’ instead of robbing them is, for the first time,...
Brian Shivambu signed a secret contract admitting to having received R4.55m in VBS loot for no kosher reason. He promised to pay back the money. The contract itself and its cloak of secrecy seem to be revealing and damning.