Following Floyd’s paper trail
The sooner the evidence of Shivambu’s payment is made public, the better
A Reserve Bank report by advocate Terry Motau said that Brian Shivambu, brother of the EFF’s Floyd Shivambu, had received R16m in payments from VBS, a Limpopo-based mutual bank which has gone belly-up after a huge corruption scandal. That would have been that, but the Daily Maverick wrote an article saying that his brother, the EFF deputy leader, Floyd Shivambu, was connected to the payments.A report published by the online publication said: "The EFF has allegedly received R1.3m illegally flowing from VBS Mutual Bank into the party’s bank account, three sources told Scorpio [the Daily Maverick investigations unit]. Floyd Shivambu’s younger brother, Brian, allegedly funnelled around R10m through a company called Sgameka Projects into Floyd’s personal bank account, the same sources said. Brian is the sole director of Sgameka Projects."After several days of muted reaction, the EFF called a media briefing to dismiss the allegations. EFF leader Julius Malema said: "Why say Floyd received...
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