Evidence in the Supreme Court shows that the ANC’s Limpopo Treasury General, Danny Msiza, received R1.5 million via an intermediary.
The intermediary facilitated the “investments” of multi million rand from municipal accounts to VBS bank.
A R9,5 million mortgage from Msiza’s company on a property in Pietersburg is also apparently paid by VBS Bank.
It appears that “bonuses” paid to mayors and financial officers amount to almost R2 billion.
Moshate Investments, intermediary Kabelo Matsepe’s company, received R27 million in facilitation services for almost 27 months.
Read the original article in Afrikaans on Die Vryburger
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