Community schemes ombud calls for levy payments to continue after VBS scandal
Acting chief ombud Ndivhuo Rabuli on a roadshow to calm fears about R80m investment in failed bank
Owners of sectional title properties and managers of community schemes have been urged to continue paying their levies to the Community Schemes Ombud Service (CSOS) following the suspension of two executives for investing R80m of its surplus funds with failed the VBS Mutual Bank. Acting chief ombud Ndivhuo Rabuli assured a roadshow meeting in Cape Town this week that her office is not in financial distress and will continue to deliver services. A damning report by advocate Terry Motau and Werksmans Attorneys, released in October, detailed looting at VBS bank of nearly R2bn and identified political players from the ANC and the EFF who benefited from the scam. Following rumours that community schemes around the country are choosing not to pay the obligatory fee — which is calculated as a percentage of levies to the ombud’s office for its funding — ostensibly because the office is failing its mandate, Rabuli urged schemes and homeowners’ associations to pay their levies. “It is legally...
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