Home Politics VBS LOOTING | EFF Floyd Shivambu’s salary to be docked

VBS LOOTING | EFF Floyd Shivambu’s salary to be docked

by Central News Reporter
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EFF Deputy President Floyd Shivambu says President Cyril Ramaphosa is at the forefront of corruption

By Thys Khiba

The Economic Freedom Fighters (EFF) deputy leader Floyd Shivambu will be docked nine days’ salary for failing to disclose an amount of R180 000 paid to him by Sgameka Projects.

The payments were R100 000, R30 000, and R50 000.

Sgameka Projects is a company that is implicated in the looting of VBS Mutual Bank. It is legally owned by Shivambu’s younger brother.

Shivambu’s legal team asked National Assembly Speaker Nosiviwe Mapisa-Nqakula not to allow the House to consider the matter as it was a matter of a legal subject. Mapisa-Nqakula disagreed and indicated the court process did not prevent the National Assembly from proceeding on the matter.

Speaker indicated she would inform the House when the sanction against Shivambu would be implemented.

She said charges of breaching the Code of Ethical Conduct and Disclosure of Members’ Interests for Assembly and Council Permanent, of which Shivambu has been found guilty, are very serious.

“For the findings made by the committee that honourable Shivambu failed to comply with the requirements of the provisions for disclosing financial interests, the assembly has agreed to a reduction of nine days of salary against the member. The House will be informed of the implementation date of the sanction,” said Mapisa-Nqakula.

This comes after the National Assembly adopted the Joint Committee on Ethics and Members’ Interests’ report, giving effect to the sanction against Shivambu on Tuesday.

On 16 October 2018, the committee received the first complaint by a former Democratic Alliance (DA) MP. It was decided by the committee in November 2019 that they will continue with the complaint.

DA leader John Steenhuisen also referred a complaint to the committee in October 2019. The committee then, decided to process the two complaints together.

Shivambu was contacted for his response regarding the complaints from Steenhuisen.

He did not respond to allegations that were subjected to judicial review.

“I, however, wish to state categorically that I have had no conflict of interest on any matter that related to VBS as alleged and have not received any payments from VBS.

“I have recently finalised my tax returns and SARS is satisfied with all the submissions on all the issues that relate to revenue collection.

“I therefore write to request that the Ethics Committee wait for the outcome of the judicial review and then restart the whole process of investigations of the committee will still believe that there are issues that still need to be clarified after the judicial review,” said Shivambu.

Meanwhile, the SARB received a forensic investigation report in October 2018 from advocate Terry Motau and legal firm Werksmans Attorneys in connection to VBS. The committee had ordered the VBS liquidator to appear in Parliament. The liquidator provided an affidavit to the committee.

The affidavit claimed Shivambu was paid three times by Sgameka Projects.

It has been reported that Shivambu allegedly received about R10 million through his younger brother, Brian Shivambu, and his political party EFF allegedly received R1.3 million through VBS.

Media reports suggested Lawrence Mulaudzi made payments into the account of a company called Grand Azania (Pty) Ltd (legally owned by Brian) (“Grand Azania”).

It was also reported these funds were then used to pay expenses related to Shivambu’s wedding. It also alleged he also benefitted from payments made by Sgameka Projects into Grand Azania’s bank account.

At the time of publishing this article, Central News could not get a view from Shivambu.

The EFF draws lessons from the Communist Party of China - Floyd Shivambu

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