We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The brother of EFF deputy president Floyd Shivambu has threatened to sue the authors of the VBS Mutual Bank forensic report. Brian Shivambu‚ who has been implicated in the report as one of the beneficiaries of the looting at the bank‚ said his name had been unfairly dragged through the mud and that he would take legal steps against advocate Terry Motau SC‚ who compiled the report. In a statement released on Thursday‚ Shivambu said: “I intend to legally pursue the owners of the VBS report for defamation of my character and that of my company, as well as for the strain this report has caused to my family.” Shivambu‚ the younger brother of EFF deputy president Floyd Shivambu‚ said the monies deposited into his company, Sgameka Projects’, account were payments for services rendered to Vele Investments. “My company‚ Sgameka Projects‚ was appointed to provide professional consulting services to Vele Investments in 2017. My company did not have any business relationship‚ nor did it receive...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now