Podcasts about vbs bank

President Cyril Ramaphosa “stumbles through life under the misapprehension that he's not accountable to South Africans for what he does, forgetting who put him there in the first place. South Africans.” This is the charge from Democratic Alliance (DA) MP Advocate Glynnis Breytenbach. She spoke to BizNews after the DA laid charges of corruption against Human Settlements Minister Thembi Simelane for allegedly stealing more than R700 000 by fraudulently billing Eskom when she worked for Vitrovian whose charges to Eskom appear “ridiculously” inflated. Eskom was allegedly invoiced by Vitrovian for work done by employees that did not exist, and Simelane's signature appears on the very first of these fraudulent invoices. The corruption charges come on top of Simelane's alleged involvement and subsequent implication in the looting of VBS Bank - after which the President ignored calls to suspend or sack her, and instead just moved her from Justice to Human Settlements. He has also repeatedly refused to disclose the content of Simelane's report to him on these allegations. Breytenbach believes his continued protection of Simelane raises serious questions on his ability and willingness to root out corruption at the highest level. “There are many ministers in the Cabinet that are less than…salubrious…who should, in all fairness, step aside and not hold those positions,” Breytenbach says.

The Democratic Alliance has filed corruption charges against Human Settlements Minister Thembi Simelane, accusing her of defrauding Eskom of over R700,000 while at a consulting firm Vitrovian. The party alleges fake invoices bear her signature. Simelane also faces past allegations in the VBS Bank scandal. For more on this we are joined by Adv. Glynnis Breytenbach MP - DA Spokesperson on Justice and Constitutional Development....

ActionSA veroordeel die minister van Justisie, Thembi Simelane, se beplande bywoning van die vergadering van ministers van BRICS in Rusland, te midde van ernstige korrupsie-bewerings. Die party wil haar geskors hê oor haar betrokkenheid by die onwettige belegging van 356 miljoen Suid-Afrikaanse rand in VBS Bank toe sy burgemeester van Polokwane was. ActionSA vra die kantoor van die Openbare Beskermer vir ʼn onafhanklike ondersoek. Woordvoerder Athol Trollip beklemtoon die belangrikheid om die integriteit van die regstelsel te beskerm.

Die ANC se sekretaris-generaal, Fikile Mbalula, sê president Cyril Ramaphosa kan die minister van Justisie, Thembi Simelane, se lot in haar huidige posisie bepaal en nie die party nie. Simelane het in 2016, terwyl sy burgemeester van Polokwane was, ʼn lening ontvang wat met Gundo Wealth Solutions verbind word. Dié maatskappy word by die VBS Mutual Bank-skandaal betrek. Die Polokwane-munisipaliteit het op daardie stadium 349 miljoen Suid-Afrikaanse rand by die bank belê in ʼn transaksie waar Gundo as makelaar opgetree het. Mbalula sê die party het ʼn verslag van die minister ontvang:

We asked listeners what they make of Justice Minister Thembi Simelane's appearance in Parliament over her involvement in the VBS Bank saga.    We asked listeners about what they make of Bongani Baloyi's move to the MK Party.    We asked listeners about what inspires how they dress for work.    We also reflected on the life of Thabiso Sikwane who passed away last week. See omnystudio.com/listener for privacy information.

In her first chat with BizNews since the election, Democratic Alliance (DA) Justice spokesperson Glynnis Breytenbach comments on Justice Minister Thembi Simelane's alleged links to the VBS Bank scandal, saying: “…the issue is that it's untenable for her to continue as the Minister of Justice if there is in fact a matter being investigated against her.” She also gives an update on her party's legal action to stop former Judge - and MKP MP - John Hlophe from sitting on the Judicial Service Commission (JSC). Meanwhile, she is pressing ahead with the proposed Anti-Corruption Commission Bill - despite President Cyril Ramaphosa signing into law the National Prosecuting Authority Amendment Bill, which makes the Investigating Directorate Against Corruption a permanent entity in the NPA. Breytenbach says the ID is not the “corruption-busting panacea that people want us to believe that it is.” As for the Government of National Unity (GNU) in which she now serves, Breytenbach says the African National Congress (ANC) is no longer “able to ram things through Parliament as they choose”.

South Africa's Justice Minister Thembi Simelane is expected to appear before Parliament's Portfolio Committee on Justice and Constitutional development on Friday to be questioned over an alleged link to the VBS Bank scandal. In this interview with BizNews, ActionSA's Parliamentary caucus leader Athol Trollip lists all the “red flags” in her case - and says: “She needs to be held to account in a court of law. That's the only place that's going to have any credibility.” He also gives an update on in-depth discussions over the coalition future of Tshwane.  He gives the assurance that although “the people of Tshwane have found it very difficult working with the DA”, ActionSA is “not going to be pushed into a motion of No Confidence (in DA Mayor Cillier Brink) because the ANC wants to do it today so that they can get their hands on Tshwane”. Trollip also renews his call for lifestyle audits to fight corruption - and gives examples of cases that make it imperative for “a couple of tall trees to be blown over”. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Die ANC se sekretaris-generaal, Fikile Mbalula, sê die minister van Justisie en Grondwetlike Ontwikkeling, Thembi Simelane, gaan voor die party se integriteitskommissie verskyn. Dit hou verband met bewerings dat sy meer as 500-duisend Suid-Afrikaanse rand ontvang het van ʼn maatskappy wat sake gedoen het met VBS Mutual Bank, en wat tot sy ineenstorting gelei het. Sy was in daardie stadium burgemeester van Polokwane. Simelane verskyn Vrydag ook voor die parlementêre portefeuljekomitee oor Justisie. Mbalula het aan eNCA gesê hulle verwag ʼn volledige verslag van Simelane oor die bewerings.

In his weekly Sunday show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), gives his analysis of a wide range of controversies: the VBS Bank scandal that has spread from the Economic Freedom Fighters (EFF) - and by extension MK - to the African National Congress (ANC) Minister of Justice; the “Walking Dead” like Shabir Shaik who was released from prison for being terminally ill 15 years ago; the latest gun battles between the police and wanted suspects; leaked info on the Mpumalanga military training camp - and the discovery of one in the Western Cape; the increasing crackdown on illegal immigrants; the battle of Tshwane's Democratric Alliance (DA) Mayor to hold on to his job while there is dissent in the ranks of ActionSA and a huge backlash against the party for wanting to oust him; the silence over SA's “moer toe” SOE's; and how old political foes - who used so much “vile and poison” against each other before the election - are now cozying up...

ActionSA files urgent Public Protector Complaint over VBS bank "loan" scandal by Radio Islam

On this second part of current affairs we talk to daily maverick's Pauli van Wyk, regarding an interesting article she wrote with News24's Kyle Cowan titled “Justice minister took half-a-million-rand 'loan' from accused VBS investment broker”. The article talks about Justice Minister Thembi Simelane who took a loan of more than half-a-million rand from a company that brokered unlawful investments of R349 million into VBS Bank by the Polokwane Municipality – while she was mayor of the city in 2016. According to Simelane's version, the R575 600 was "a loan" for "the purchase of a coffee shop business". She states the "loan in question has since been paid in full” but did not respond to requests for supporting documents to prove this version.  Minister Simelane also does not believe that there is a conflict of interest between her previous involvement with VBS and her position in the executive. Pauli joins us t talk about this interesting development.See omnystudio.com/listener for privacy information.

EFF-leier Julius Malema sê hy sal homself verdedig teen bewerings dat hy betrokke was by die plundering van die VBS Bank. Die gewese VBS-voorsitter, Tshifhiwa Matodzi wat tans in die ronk is, beweer in sy beëdigde verklaring die EFF het vyf-miljoen-rand asook ʼn maandelikse skenking een-miljoen-rand van die bank ontvang. Dis na bewering aan ʼn maatskappy van Brian Shivambu, broer van die party se adjunkpresident Floyd Shivambu, betaal vanwaar dit na die EFF gekanaliseer is. Malema sê die EFF het nooit VBS-geld ontvang nie:

VBS bank heist: key figures and political leaders implicated by Radio Islam

VBS bank heist: Key figures and political leaders implicated by Radio Islam

In this interview with BizNews, Neil de Beer, President of the United Independent Movement (UIM), speaks about the attempted assassination of former US President Donald Trump and the iconic photo of him pumping his fist with blood streaming down his face and the US flag fluttering behind him. “…this scenario, I can tell you now, is going to play off like an unbelievable movement of seismic proportionality, think, in the Trump favour.” Back in SA, he describes the leaked affidavit on corruption in VBS Bank as “a nuclear explosion” that could impact the futures of Economic Freedom Fighters Commander-in-Chief Julius Malema and his deputy Floyd Shivambu. He also reveals the plans of former President Jacob Zuma's MK, saying: “And their next strike is to go for every municipality in this country in about 18 months when we start building up the 2026 municipal elections. Meanwhile, De Beer says their is a problem brewing in the Cabinet lekgotla because “if you look at the people sitting in that room, this is a festivity of people, not all of them, but people that have criminal intent, that have got an absolute diverse of ideology, and that are covering up.”

The provisional liquidators overseeing the SA Post Office (Sapo) have come out against a plan put forward by the Department of Communications and Digital Technologies (DCDT) to place the struggling entity in business rescue. Just days before a court is set to hear the department's application, provisional liquidators Anton Shaban and Gerry Musi have said they fear business rescue is "not an option" and will not work. The post office was placed into provisional liquidation in March as it could not pay its debts. In a statement on Friday, Shaban and Musi said that for business rescue to work, Sapo would need billions of rands in extra funding and a complete overhaul of its business operations. Parliament still needs to pass the Post Office Amendment Bill, they stated. Instead of business rescue, the Shaban and Musi have put forward a compromise agreement under section 155 of the Companies Act. This is the same section of the act used by retailer Steinhoff in its R25-billion settlement agreement with creditors and shareholders. This section of the act allows a company to put forward a compromise agreement to creditors to bypass being liquidated or placed into business rescue. Let's compromise Shaban said a compromise agreement was the best route to restore the Post Office to solvency. He said it could be done more quickly and at a lower cost than business rescue, without revealing any figures. The DCDT, meanwhile, is hoping to convince the North Gauteng High Court in Pretoria that the Sapo is a candidate for business rescue when the matter is heard on Tuesday. The department has nominated Anoosh Rooplal, the chartered accountant who has overseen the liquidation of VBS Bank for the past four-and-a-half years, as the Post Office's business rescue practitioner. "We are crossing our fingers that the court responds to our prayer favourably," DCDT Minister Mondli Gungubele told a Parliamentary briefing earlier this month. If the court declines to place the debt-laden State-owned entity into business rescue and the section 155 settlement proposal does not pan out, the Sapo will face a final liquidation hearing later this year.

Nog sewe verdagtes verskyn na verwagting in die hof in verband met die VBS Bank-debakel. Die hoof van die Nasionale Vervolgingsgesag, Shamila Batohi, sê die tyd van straffeloosheid is verby.

Last week saw high profile arrests of Free State tenderpreneurs closely linked to the ANC secretary general Ace Magashule. Yesterday the news broke that one Philip Truter, former CFO of heavily pillaged VBS Bank, has cut a deal that sends him to jail for an effective seven years. With a number of very high profile politicians about to get their come-uppance over fraud which cost SA taxpayers almost R2bn in repayments to depositors, it’s time for a refresher on the VBS scandal. In this flashback to 2018, hear BizNews founder Alec Hogg picking up the story of what has been dubbed The Great Bank Heist.

Last week saw high profile arrests of Free State tenderpreneurs closely linked to the ANC secretary general Ace Magashule. Yesterday the news broke that one Philip Truter, former CFO of heavily pillaged VBS Bank, has cut a deal that sends him to jail for an effective seven years. With a number of very high profile politicians about to get their come-uppance over fraud which cost SA taxpayers almost R2bn in repayments to depositors, it’s time for a refresher on the VBS scandal. In this flashback to 2018, hear BizNews founder Alec Hogg picking up the story of what has been dubbed The Great Bank Heist.

Sewe verdagtes verskyn vandag in die hof in verband met die plundering van die VBS Bank; President Cyril Ramaphosa het die nuus verwelkom van 'n middel wat die dodetal van Covid-19-pasiënte met 'n derde kan verminder; Die Hooggeregshof in Pretoria het gister regsargumente aangehoor van die Vryheidsfront Plus en die regering oor die Rampbestuurswet - ons kry reaksie op die saak

Die aanlyn nuusblad, Daily Maverick, se Scorpio ondersoek-eenheid het gister nuwe onthullings bekendgemaak oor hoe EFF-leiers direk voordeel getrek het by die plundering van die VBS Bank. Ons praat nou hieroor met 'n ondersoekende joernalis by Scorpio, Pauli van Wyk....

MultimediaLIVE — In this week’s episode Qaanitah Hunter, Zingisa Mvumvu and Aphiwe De Klerk chat about former minister Malusi Gigaba, the bombshells emerging in the State Capture Commission and the VBS Bank scandal.

The Giyani municipality in Limpopo, which invested 161 million rands in VBS, has initiated legal processes to recoup some of the monies linked to the mutual bank's scandal. Municipal spokesperson, Steven Mabunda says former chief financial officer, Hitler Maluleke, has been fired while the former technical services director - Precious Mathebula - resigned after their involvement in the VBS scandal. Tsepiso Makwetla spoke to Giyani Munipality spokesperson, Steven Mabunda

In the wake of the VBS Bank scandal which was revealed in "The Great Bank Heist" report by Advocate Terry Mudau and Werksman Attorneys, the seems to be blurred lines that existed on the functions of each of the role players, who separately had different functions and were charged with governance and responsibility. We attempt to unpack these roles with the Ms. Kantha Naiker, and Accountant and Executive in her own right.--- Send in a voice message: https://anchor.fm/africabusinessnews/messageSupport this podcast: https://anchor.fm/africabusinessnews/support --- Send in a voice message: https://anchor.fm/africabusinessnews/message Support this podcast: https://anchor.fm/africabusinessnews/support

In the wake of the VBS Bank scandal which was revealed in "The Great Bank Heist" report by Advocate Terry Mudau and Werksman Attorneys, the seems to be blurred lines that existed on the functions of each of the role players, who separately had different functions and were charged with governance and responsibility. We attempt to unpack these roles with the Ms. Kantha Naiker, and Accountant and Executive in her own right. --- Send in a voice message: https://anchor.fm/africabusinessnews/message Support this podcast: https://anchor.fm/africabusinessnews/support

The VBS Bank debacle is the fiery issue on today's Burning Platform brought to you by Nando's. Ivo Vegter lays all the facts on the table for you to digest, and what this all means for the EFF who have been linked to it all via Floyd Shivambu's brother. Plus some thoughts on SA's new (old) finance minister Tito Mboweni. Nando's

In the wake of the VBS Bank scandal which was revealed in "The Great Bank Heist" report by Advocate Terry Mudau and Werksman Attorneys, the seems to be blurred lines that existed on the functions of each of the role players, who separately had different functions and were charged with governance and responsibility. We attempt to unpack these roles with the Ms. Kantha Naiker, and Accountant and Executive in her own right. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/africanperspective/support

MultimediaLIVE — If EFF deputy president Floyd Shivambu did steal money from VBS Mutual Bank‚ he would be punished accordingly‚ Economic Freedom Fighters leader Julius Malema said on Tuesday. Addressing a media briefing in Johannesburg‚ Malema said: “The deputy president of the EFF Floyd Shivambu has taken the EFF leadership into his confidence in relation to the VBS media claims and we have no reason to doubt him‚ more so because he is not mentioned in the official Motau VBS report.”

The VBS Bank scandal dominated news headlines this week and in today's episode, Alec Hogg and Felicity Duncan break down the latest we've learned. We look at the role ANC leaders in Limpopo played in facilitating the scheme and explore the possible links between VBS and the Zuma family. As the details of this astounding and massive heist continue to emerge, South Africans can expect to see serious political and legal consequences. We also take a look at the latest in Steinhoff news - this time, evidence of insider trading by disgraced former CEO Markus Jooste - and discuss the recent turmoil in stock markets.

The South African Municipal Workers Union (SAMWU) says it is intact and financially stable, despite the negative media reports. The union says it is able to pay salaries to its workers, even though it has a loan agreement with the controversial VBS Bank that is currently under curatorship. President of the union, Pule Molalenyane, says they don't have a bond with VBS Bank but an 11 million rand photocopy machine loan agreement. Molalenyane says the contract is still binding and they are servicing the loan through a monthly debit order. The union however says they are not able to withdraw one million rand from its saving account until he VBS curatorship matter has been resolved. Amina Accram reports...

JOHANNESBURG — Amid the latest VBS Bank crisis en…

Rob Rose, Editor at Financial Mail leads this week's edition of Editing Allowed with some of South Africa's top editors as they take a look at SARS's Tom Monyane and VBS Bank's grand exit Editing Allowed

Business Day TV — Rob Rose, Editor at Financial Mail leads this week's edition of Editing Allowed with some of South Africa's top editors as they take a look at SARS’s Tom Monyane and VBS Bank’s grand exit