Great analysis but for you not commenting on Malemas retaliation on whistleblower Thembinkosi Rawula for first exposing EFF’s wrongdoing from within. He was expelled from the EFF. Malema lost the defamation suit against the whistleblower. Rawula is now with Action SA. Interview him.
If they benefited unknowingly. Why were they making a noise about Nkandla loan? Why was it a problem for them? Please explain that. The reason why we are shocked with EFF is how they portray themselves to be pro poor people.
You asking the right questions which the media is not interested in asking because all they striving for is to keep EFF in bad publicity. South African media is white owned and very much against EFF. Their aim is to keep EFF in a negative publicity for as long as possible until people loses interest in the EFF. If you listen to this story, you would have picked up that Matodzi already mentioned it is loans, hence he approached EFF for donations and not the other way around.
You cannot be faulted in being consistent with covering all critical dilemmas that affect and impact our land and people. The historical intricacies on this issue are mindboggling indeed.
very well explained, how it happended and the roles of all the players were involved in this VBS saga. Keep up the good research and work. Hope justice prevails...
LOL, you should do some research on Sizwe Mpofu-Walsh. His dad was a senior EFF member. Of course Sizwe is defending the EFF. It's his trust fund on the line.
The biggest issue Malema and Shivambu must explain is the Gucci, Louis Vuitton et al shopping spree, off of a company card. That's the damning part that Sizwe didn't touch on. Please also get Pauli Van Wyk on the show for a more rounded analysis purely on EFF.
Today mr mphofu you were deflecting from the real issue of the discussion,the alleged Donations,Brian Shivhambu,Floyd and Malema. Why didn’t the Eff open a bank account with VBS to receive the donation? Why use brian shivhambu if this was a legit transaction?
You clearly are missing his angle. He gave outstanding information on the subject. However, many matters on this are a subject of the criminal investigation. For instance, Mr Mathodzi mentions the route of bank account of Brian Chivhambu but how Brian spent the money up a point where EFF benefited is a subject of thorough investigation. Even the investigative journalists mention Nandos, Gucci Stores, Liquor Stores and Restaurants etc. but those cannot be the target spending points to finish upward of R16milllion.
@@lebokhaphela2332 they refused to talk about this for over a week. 702 even commented that they were not going to talk to them so why didn’t they take calls before? We are not stupid, we know they did it.
Difficult to be truly impartial when your Dad is defending the EFF to hell and high water. Talk about being stuck between a rock and a hard place. "No one gives you an absolutely objective perspective"........true that.
If you think Sizwe is worried about not offending his dad when covering such content, you probably have not been following this channel long enough. Anyway as he said..with all the info that you have.. "form your own view"
But you can't deny that he's being biased towards the EFF. A question he should have addressed with regards to EFF is this, if the donation was above board, why was it channeled through a 3rd party bank account? Why was the donation hidden? @@desoxx
@lebraa9233 yes they are innocent. Accepting a donation is not a crime no matter how much you hate Malema and Floyd. And you can’t prove it was gratification, the affidavit itself isn’t proof of that. Plus the European/ Dutch CFO who stole billions from Vbs was released from prison only after 3 years. Is he innocent? He stole billions and indirectly caused people to commit suicide and people like you keep quiet about it. Malema and Floyd accepted a donation and then you people act as though they orchestrated the whole thing. Damn hypocrites!
I was patiently waiting for your take on this saga, brilliant and worth the wait. One thing u missed was although it was "only" R2.2bn there was a large portion of that directly from individuals life savings. And the poorest of the poor.
As to why EFF members may have recieved more attention than some of the corrupt municipalities- Malema and Shivambo were very vocal for Zuma to pay back the money for his fire pool etc... VBS exposed their hypocrisy and the public held them to account. Its a matter of 'the squeaky wheel gets the grease'.
But at the end of the day ANC government officials are in the deep 100s of millions in with this corruption by breaking the law to enrich VBS and themselves. Surely that is a way bigger story that R16m hush money??
Brave of you to take this on. Respect. The difference between the Guptas and Steinhoff is who was directly affected. Not saying that there was massive indirect effect but those lines of grannies was heartbreaking. The EFF denied they got anything and the other parties don't pretend to be the main advocate of those same grannies. THAT was their biggest crime. The ANC didn't deny it. We also don't expect the ANC to be better.
@@TshuTshi9642if it was a donation why did it go into Brian Shivambus bank account? Unlike eff other political parties do not hide their donations. Malema is going to jail and the eff is going to fall with him. Head of the snake is gone 😂
The EFF should have allowed for monies to go into the organisation bank account. They were probabaly going to escape this issue. The ANC, I am not even going say anything.
@@TshuTshi9642 Which political party denied getting donations or moneys for 6yrs from VBS and claim it recieved nothing from VBS? And which party refuses to give its bank details for a legal donation and opt that it be transfared to a bogus company that had no evidence that it did any work with the VBS? Guys please do not repeat what your fathers did, defending the corruption of the ANC, now you defend obvious wrong doing from you party. We need to cut this umbillical cord of blind loyalty, that whats brought us to this situation to begin with, of a country that is not developing.
When did he do that? EFF got 16m, there is more than 2 billion missing. The fact that the oversight bodies like SARB failed to wise up or turned a blind eye to the shenanigans should be a serious cause for concern. The municipalities and the PIC were in on it, now that is frightening.
You shouldn't be surprised huge banks have been accused of the rand manipulation but it's still business as usual the matter has been swept under the carpet.
Excellent job Sizwe yet again ! Just this one episode provides so much context to this saga, the walk through from start to where we are is really well played and a work of art ! This puts most of the reporting we've had so far to shame ! What worries me and should concern all of us is the level of naivety displayed by the EFF leadership on this whole matter. So the EFF was up in arms about VBS's actions in relation to the Zuma matter then out of the blue they get a visit from the Chairman of VBS who essentially offers the EFF money. Surely the first question they should have asked themselves was whether this was not a setup ! Surely they also would have known this was less about political party funding but more about shutting them up. We can't have this level of naivety at the highest levels of our politics. The assumption I am working on is that Floyd and Julius were not open to being bribed out of their political positions/views. Maybe this is naive too ! 🤣🤣🤣
its like franz fannon said - the colonial elite just gets replaced with a local elite and they're there to protect each other...while the people remain poor
it is sad that Sizwe is so closely implicated in this, with his family & family friends tied to this story. i hope that he was able to keep himself clean & not accept any dodgy money. this is unfortunately the new normal for the SA political elite & we desperately need clean hands & trustworthy voices, i really hope he is one of them
And was Jacob Zuma not the president at the time when the ANC was doing this. Also speaks volumes to the leader that now sits atop the MK party. It’s like I’ve always said. JZ and Malema are two rotten fruits off the same branch on the tree that is the ANC. They’ve just been chopped off and planted in different spoil but the branch is the same and the fruit will bear rotten fruit just the same
Brilliant Exposition Sizwe. Thank you very much. You unpacking of the events, political and moral/ethical dimensions was lucid. Eusibius Mckaizer would have been incredibly proud.
How is it '"unknowingly" ?? if a company is giving you money for nothing , who is disadvantaged for that free money?? come on guys... you cant say the EFF didn't know that the money is dirty... that's why they ensured it gets to the EFF via dark corners
a bank can do all kinds of deals to make money, it cannot only be deposits from old grannies. So how can they knoe it is specifically grannies' monies?
@tshepotsolo7425 if EFF were the DA you won’t be saying all that. Idk why some of you suffer from self hate. How could the EFF have known it was dirty? And where in the affidavit does it imply on this? In fact if the money was dirty then the EFF are victims of vbs too because they had no way of knowing the money had been acquired through fraudulent means. Also If they wanted to hide it why not put it into a non EFF account? Everyone knows Brian Shivambu is an EFF member. Isn’t the best way to leave no trace to put it into a non EFF / non partisan person’s business account? Be objective, stop indulging in your self hate. Political parties can put money into various accounts and many do.
Although i dont always agree with the views here on SMWX it still is an informative channel. For the better part it serves as a positive contributor to important issues as well as the wider political debates concerning SA politics. So kudos for that. On a different note i've seen and heard the EFF's before and after stances regarding the VBS saga. More importantly Adv.Dali Mpofu's unclear and contradictory responses on the VBS story within a short space of time were an extremely poor attempt at damage control. Very worrying to say the least.
Well done Sizwe. I was waiting with particular interest to hear your comments considering the circumstances. Must have been a difficult one. It think you acquitted yourself well. ALL corruption must be rooted out for the sake of our people and that of the generations to come - and not just technically illegal corruption but moral corruption also. We need people with honesty and integrity to be our leaders. People who would always do the right thing and not just because of the legality. There are many people like that in this country. Hopefully we will have some of them as leaders once we clean house. We shall see how this unfolds.
Sizwe, you are very smart! You have incredible skills of coming across as objective even though you plainly bias. While you appeared to emphasize that the EFF should be held accountable and respond to the issues, but you quick to link the ANC at the heart of the whole scandal. I think this is not reflective of an objective analysis as you would want us to believe. I will suggest that you perhaps consider allowing other people to comment about issues that Adv Mpofu is seized with.
I find this to be another VBS scandal view to look at its previous findings this far. We will watch the space of the future revealings which might emerge still. Thanks so much.
I’m sadly disappointed that you have defended the EFF. I really believed that we had finally found an unbiased news source that we could actually trust to analyse the facts without the usual agendas being pushed. This makes me doubt all your previous podcasts. Regards Brent
I am much happy about what this VBS come from and the impact and who is involved,, Keep it up. And of course good move to start with EFF to feed the obvious narrative,,myself dying and limping about My Party EFF will take a bite of ice,, but we will see if itcis fair to sell tge narrative that EFF bankrupted VBS,,,, truth will turn out
A truly excellent podcast rich with information, context and balance. Learned tonnes. I hope my summary below has done it justice. The main messages - look at the big picture, get the facts, keep things in proportion, let the courts decide, let it unfold, don’t listen just to Daily Maverick 😂. My comments: Seeing as Sizwe became very colour blind making some oblique special mentions about a crooked VBS kingpin and associations with wine farmers etc. let me say it straight. For anyone who thinks that white people are not knee deep in this corruption from time to time or even extensively think again. In every population there are the corrupt. They live among us whether we are in Constantia or Mamelodi, whether we are rich or poor. The second unspoken point is why the EFF in particular has been a such lightening rod for derision in this saga, quite apart from the politics. The reason is scale, not of the money stolen, but the scale of the hypocrisy. The behaviour of some of the leaders (broader than VBS) and what they say they stand for are so at odds to be oblivious. To explain, if one is unashamedly a white monopoly capitalist well you can expect stealing from and stomping on the poor - that’s par for the course. But if you are communistic and strongly representative of the poor, black working class and live like a white monopoly capitalist - the dissonance is next level. -- SUMMARY OPENING Outed 2018 Important investigative reporting What has been lost? BACKGROUND Wide ranging sources look at them all to understand Complex, regulatory Adv Terry Mdao - investigative report requires a lot of praise (SARS) Report by Lex Mpadi PIC asset manager investor in VBS Subsequent report PIC Further criminal proceedings plus investigative journalism TIMELINE VBS is mutual bank handed from bantustan system Basis then was occupation but not ownership VBS defined a system of loans for occupiers early 1980s 2010s VBS limping along, Venda king comes into office, business people from Limpopo come in to take over the bank First it’s a vehicle Matodzi (kingpin) + Venda King comes in with their vehicle + PIC already had ownership + depositors (read van Rensburg “VBS a dream defrauded”) Vehicle that took over VBS actually suspended Matodzi (acting weird) but Venda king convinced them not to Consequence Matodzi took over and sidelined consortium Eventually Vele Investments became the majority shareholder Ordinary sh voted Matodzi in as chair over the wishes of the consortium Matodzi corporate guy accounting KPMG EY UJ background surrounded himself with UJ black accountants {lots of hope sigh) Matodzi created loan transaction from VBS to shareholders buy shares into VBS so Vele went from 4% to 1/2 Pity it was not spotted earlier by regulators (??) POLITICAL PARTIES INVOLVEMENT EFF Story Money channeled to EFF to stop criticizing VBS about Zuma loan from VBS Vele to Scamega 😂😂 to EFF leaders (restaurant, homes etc) No legitimate business ends between Vele and Scamega “Gratification” public power to misuse money In the book he says it is sad and politicking but now gratification [Does EFF really have a penthouse in Sandton?] requirement to open VBS bank account (Scamega) Why gratification? No EFF account opened all parties knew EFF must answer why Scamega and what happened to the money - a bit unfair trial by media due to leak Julius did hold press conference prior to latest but he needs to do it again (if he can’t reassure the public then consequences be that as it may) Politicians accept money all the time - Helen Zille accepted money from Gupta for DA It’s unfair to expect that they should have known the VBS looting (as opposed to just benefiting unknowingly) Parliamentary enquiry - FS sanction him for disclosure ANC story It seems clear that conspiracy with ANC to make regulars (SARB, Treasury) turn blind eye Commissions to mayors to put money into VBS which is massive scale compared to EFF Msize ANC is accused and on trial). Note both EFF and DA approached VBS for donations SARB was very slow to catch on but became very proactive DG of Treasury was accused of taking a bribe Auditors? ANALYSIS Keep in proportion: Steinhof 100b, Gupta trillions maybe, VBS 2.2b Conspiracies: 2015-2015 the Matodzi ascendency there were 4 concurrent conspiracies 1/ inside bank false transactions and reporting (fool, bribe) 2/ bank and Limpopo state and municipalities (pay off all politicians to get deposits (municipal not allowed to invest in mutual banks) 3/ state institutions outside Limpopo - reserve bank (did not go well, treasury (false compliance), auditors of state institutions and the bank (blind eye) (who?) 4/ Political parties in particular ANC but also EFF Why has VBS got so much attention? Conspicuous consumptions, personalities Malema ? This a story how corruption is writ large Affidavit crazy about many actors Much bigger story than EFF (danger there) Where else is this happening. Corporate power and greed?Matodzi has [white] wine farmers as buddies? We will learn many more things in the legal proceedings Strategic leaking. Who?
The most indipendent media page 👏🏿👏🏿and again well invested research and analysis ..let’s hope our law take its coz and unfold everything .and am glad you recognise a need for our public representatives to answer or explain more to the people
If the intention of Matodzi was to pay EFF leaders to quiet down on their criticism of the bank, would that make a difference in a court of law? Can one be complicit in corruption if they receive gratification in exchange for changing their rhetoric, or did the EFF give something else in return? Hopefully people remember to hold the ANC and gov. institutions to account on this one. EFF is only one small part of this.
Did they enter into an unlawful relationship with VBS is the question. Yes they created a fake document to justify payments for work that never existed in order to benefit privately. That is fraud regardless of their knowledge of the inner workings of VBS or not.
Dr. ,soon to be Law Graduate going forward SMWX, excellent and very well balanced perspective and unbiased reporting on this most sensitive subject! We look forward to your further reporting on this matter as the saga unfolds! As Citizens of our new age in this multi party Government which we have all voted for, we now more than ever want and demand transparency going forward and I welcome this leaked affidavit! I am sure every Citizen wants transparency and to hear the truth! We are so tired of lies, corruption and empty promises!
If the EFF didn’t know of the fraud at VBS when the donation to them was on the table, maybe you are right in that they have been unfairly targeted. However what is worrisome is that Julius has denied ever having met with Matodzi. The truth will out.
Julius never denied meeting Matodzi, from his first media conference about this VBS he said he doesn't know anyone at VBS except a guy called Matodzi introduced to him somewhere in Venda
its not complicated..it was money paid into various accounts and then moved into other accounts and used for whatever purposes deemed neccessary..money that was never the end users...fraud and theft...
A political party can have multiple accounts. You are clearly a matriculant or 30% pass rate and are clueless. It’s not a crime to move money between various accounts. It’s a crime to launder stolen money. Go and prove that the money was stolen because CLEARLY a donation isn’t theft. And no one is entitled to determine that the donation came from stolen monies. It could have been from bank profits. Besides even if the monies were stolen by vbs execs, how would EFF have known that? There’s nothing suggesting that they would have known it was stolen, not even the affidavit
I can't help it but wonder why Malema demanded Floyd be made Minister of finance should the ANC approach them for a Coalition. makes you go down a rabbit hole
Thanks Sizwe for bringing both the Book of Messrs Van Rensberg and The Affidavid, most of us didn't know that Mr Mathodzi had made different vows before. His choice of words as well is amazing this time around and these words fall in a certain category of legal jargon which has certain legal ramifications, wow!
@@XPR2019oh you poor naive thing, let me help you (to mimic Dali Mpofu's disgraceful and patronising tone to any journalist out there). This is how it works in S.A. the politically connected, which includes those Dali Mpofu seeks to defend, have friends in SAPS. Even the blind could see THAT. These friends routinely lose dockets in exchange for ...... The NPA cannot do a thing without a docket. I hope you are now better informed.
@tonyct6640 you anti EFF clowns will have sleepless nights from this chest pain of confusion you are bringing upon yourself. One minute you believe the affidavit then the next minute you denounce the affidavit. The guy who wrote the affidavit said he OFFERED the donation. Not the other way around. Why would he lie about it being an offer?
@rthare1 the idea that EFF “asked” for the donation even though the affidavit says it was OFFERED is simply your own possibly drug fuelled hallucinations. That affidavit says it was OFFERED but your hallucinations have clearly made you believe otherwise
@@YT-xk5jl Delusional or trying to cover up that is what you are or trying to do. Under what circumstances would you offer such a donation? Only when a gun is against your head do you offer such a large donation. If the donation was offered at election time without reference to the Zuma matter it is a different thing. It was offered whilst the VBS representative was trying to get the EFF to turn off the heat. It was a desperate act and it was a case of "We can keep quiet but what can you do for us?" That is a means of extortion. You are trying to defend the indefensible. Look in the mirror.
@@mandelaali5194 what about other parties like AnC and communist party. I agree if EFF got the donation unlawful of I which I don't see where is mentioned like that , then they need to pay it back, but south African a investing their time on. 2 pages of the affidavit and ignore majority of the the affidavit. EFF is really giving you a hard time only by telling it like it is
If this was a donation to the EFF then why is there also a contract for services to be rendered? Surely both can’t be true. Unless these were separate monies?
Dr I agree, corruption goes much deeper in the private sector same as in government and political parties. This may explain why these people are so protected and powerful with no fear of retribution.
The fact that the EFF took hush money speaks to their character. Taking money to stop talking about something in a Political space is dishonest and shame on the EFF for this. It’s not that it’s a political donation but if they can be bought then they need to get off their high horse. So basically the EFF can be bought. Political donations are ok but when they influence your politics then there is something wrong. This is the biggest problem in US politics and we need to keep it out of SA at all costs. Funny I don’t see the DA mentioned in these allegations. Speaks VOLUMES as to who really backs up what they say.
My brother you provide us with excellent analysis. Thank you. The point I think you are missing about why the story is becoming about the EFF more than others is that the EFF was loudly critical of VBS and their position changed because their leaders received some money for Gucci. An then they denied it. It's scandalous for an organization which is fundamentally pro poor - and will stick to the truth. The other guys are usual suspects. No story there. Badla njalo. Badla everyday o-comrade.
A great, nuanced, well balanced video. Many of the other channels have, understandably, gone for the EFF grabbing headlines but you have provided a great comprehensive version of the events - I am not sure if everybody understands the roots of the VBS drama and why the outcome was ultimately inevitable. Keep up the good work!
Enea. Joburg Gauteng Province. A very critical, interesting and fascinating story as you said yourself. I would really like to follow up on this story and how corruption happens in SA power, politics and our socioeconomic system.. My interests is also around paying the depositors, how are these poor people going to get their money back if they will ever get it. My praise to you and your media, a very wonderful story indeed, 👌I love it! Thanks
Thank you for this comprehensive examination Mr Mpofu. This is indeed another State capture and its disgusting, coming from people advocating to better the lives of the most vulnerable. Hope justice will be serve after all.
Presenter is amazing, informative. All animals are equal but some are more equal than others, we are repeatedly reminded of this and that we can't do a thing about it.
Thanks for your breakdown Dr.. Indeed a lot is lost in the sensational reporting by various interlinked media houses to an extent that majority of the ordinary people don't really know what could have happened with the VBS.
There is a lot in this VBS saga. It's a pity that our media has already taken a position that EFF is the main culprit and has somehow tended to minimise the roles played by the other organisations, political parties & regulatort authorities. I'm afraid this will also go the way of the George building collapse wherein we dont even know anything except what was aired on the days of the rescue. We dont even know the names, genders, age or nationalities of the deceased. We dont know who has been charged and with what. Its just a dead silence. So the media has consistently singled out EFF as being 100% responsible for the VBS collapse and that does not sit well with me.
after the detailed research and analysis, the whole puzzle has come up clearer. The Court has a strong case against whoever is implicated. keep up the good work Baba
As a subscriber who respects u, I really feel bad for u on your commentary on this topic. Maybe u should have skipped this one and not felt pressured to do this. After all, Dali is your dad, and it's difficult to criticize a parent, period!
SARS should ask Sgameka Projects to explain where the monies were distributed and see if the monies were declared in tax returns. See if Brian Shivambu likes the heat.
He already had the heat. There’s nothing you haters can do at this point except sound like a broken record. Brian has already paid back some of the loan. His Sgameka accounts have already been scrutinized. Now what?
@@YT-xk5jl Follow the trail even further and see who received the money, before he paid back some of the money. Even if he pays back the full amount it would be prudent to see if the recipients at the time disclosed it in their tax returns.
Fighters must never allow themselves to be led into a pit of loyalty. Politics is not football if the organisation is unable to deal with corrupt activities involving its leaders then that is not an organisation to be trusted with the mandate of the people. Should they not address it and the anxiety persists towards the NPA in December, if the same leaders are voted back into power that 9% will go further down
You are not a fighter. You can’t speak for fighters. The 9% will not go down no matter how much they cry and wail about vbs. EFF supporters are unshaken. A donation is not theft. And if that is what you call corruption then you need a dictionary or an education or both. They must prove that it was gratification or whatever they are calling it. The vbs chair got nothing in return so it couldn’t have been a bribe. If the vbs execs really wanted to stop negative publicity against vbs they could have gone to the media but instead they claim they went to the EFF for that. Nonsense. There was no bribe here. It was a donation
I was intrigued by the stat provided in quantifying the amount of money, R2,2 billion which went from VBS. Particularly, as a comparison with 100 billion in Steihnhof and potentially trillions looted with the Gupta brothers and their state capture scheme. Why I was intrigued is that I found giving the amounts to be a moot point, and also a polarizing distraction as the comparison isn't sufficiently qualified. The impact of the systemic corrupting and crippling of state institutions is pervasive and constant. Which individuals, parties and private businesses are implicated and for what amounts speaks to larger issues of graft and parasitic opportunism. Consider the metaphor:" how do you eat and elephant? One bite at time." The result is the elephant is eaten and every bit counts, and in this case the looting of our country's institutions. R16M is a lot, but the cost to the clients of the bank and South Africa are astronomically large. Overall, however I am grateful and impressed with the objectivity and insightfulness of this piece. Thank you.
The example given of the MK or ACDP receiving funds from a mine as a donation to the party is very different to the arrangement between Shavambo and Malema. Thes two men were paid hush money, not as donations to an EFF account, but dileberately set up mechanisms for thier own benefit. In this way they were defrauding the shareholders of VBS by recieving funds illegaly.
No use in telling this guy. His dad defended Zuma in court. He has ties to the EFF. This is propaganda. He speaks slow and thinks hard about what words to use to fool the dumb ones.
It is common knowledge that these companies and institutions donate to influential political parties for their own benefits and not necessarily the political parties themselves. However,it appears that the ANC has been in a tendency of having some of these institutions as their cash cows. Guputas as the other architects to this phenomenon.
But how many donations were made to other political parties, where the donations went into banking accounts in the name of a third party - like in the case of EFF.
Great analysis but for you not commenting on Malemas retaliation on whistleblower Thembinkosi Rawula for first exposing EFF’s wrongdoing from within. He was expelled from the EFF. Malema lost the defamation suit against the whistleblower. Rawula is now with Action SA. Interview him.
Because Sizwe is biased...and the defender of the indefensible at times.
@@Cper2000 I also think the analysis by Sizwe is biased
I come here just to listen to the bias narrative
Never gonna happen, Sizwe is unashamedly biased.
If they benefited unknowingly. Why were they making a noise about Nkandla loan? Why was it a problem for them? Please explain that. The reason why we are shocked with EFF is how they portray themselves to be pro poor people.
Nice
You asking the right questions which the media is not interested in asking because all they striving for is to keep EFF in bad publicity. South African media is white owned and very much against EFF. Their aim is to keep EFF in a negative publicity for as long as possible until people loses interest in the EFF. If you listen to this story, you would have picked up that Matodzi already mentioned it is loans, hence he approached EFF for donations and not the other way around.
He already explained Dum Ass. EFF didn't know the Bank was being Defrauded. The ANC did know though. Pull your head out of your Ass and Listen.
malema is a thief
He has a soft spot for the EFF and I started noticing before the elections.
It is for this very reason that I follow this channel, clarity analysis that leaves no stone unturned. 🤙🏿
You can clearly tell he spent a lot of time on this
You cannot be faulted in being consistent with covering all critical dilemmas that affect and impact our land and people. The historical intricacies on this issue are mindboggling indeed.
I see you copying and pasting from Google. 😂😂😂😂
@@bridges5659Bruh wtf is he saying😂 speak like a normal person instead of trying to sound smart
@@luxuryrealestateworldwide2424 This idiot is copying and pasting from Google. Trying to look smart. 😂
very well explained, how it happended and the roles of all the players were involved in this VBS saga. Keep up the good research and work. Hope justice prevails...
Not true you just do not like Sizwe:s analysis @@jafassss
LOL, you should do some research on Sizwe Mpofu-Walsh. His dad was a senior EFF member. Of course Sizwe is defending the EFF. It's his trust fund on the line.
The biggest issue Malema and Shivambu must explain is the Gucci, Louis Vuitton et al shopping spree, off of a company card. That's the damning part that Sizwe didn't touch on. Please also get Pauli Van Wyk on the show for a more rounded analysis purely on EFF.
Today mr mphofu you were deflecting from the real issue of the discussion,the alleged Donations,Brian Shivhambu,Floyd and Malema.
Why didn’t the Eff open a bank account with VBS to receive the donation?
Why use brian shivhambu if this was a legit transaction?
You clearly are missing his angle. He gave outstanding information on the subject. However, many matters on this are a subject of the criminal investigation. For instance, Mr Mathodzi mentions the route of bank account of Brian Chivhambu but how Brian spent the money up a point where EFF benefited is a subject of thorough investigation. Even the investigative journalists mention Nandos, Gucci Stores, Liquor Stores and Restaurants etc. but those cannot be the target spending points to finish upward of R16milllion.
The fact that Malema and Shivambu will not talk to media speaks volumes, their silence is deafening and they are both clearly guilty as accused.
They have spoken. Malema even called media conference
@@lebokhaphela2332 they refused to talk about this for over a week. 702 even commented that they were not going to talk to them so why didn’t they take calls before? We are not stupid, we know they did it.
@charliepepper3039 stop with the conspiracy theories 😅😅
@@Qhawe_Jameson. chest pains wena!
@charliepepper3039 get over your baises, a lot of people are involved in this scandal, and you just want to vilify EFF.🤣🙄
Difficult to be truly impartial when your Dad is defending the EFF to hell and high water. Talk about being stuck between a rock and a hard place. "No one gives you an absolutely objective perspective"........true that.
If you think Sizwe is worried about not offending his dad when covering such content, you probably have not been following this channel long enough. Anyway as he said..with all the info that you have.. "form your own view"
But you can't deny that he's being biased towards the EFF. A question he should have addressed with regards to EFF is this, if the donation was above board, why was it channeled through a 3rd party bank account? Why was the donation hidden? @@desoxx
This is not impartial. It's a soft defense of the EFF. A deflection.
If Matodzi did his articles/internship at KPMG, it’s not surprising really 😂
😂
True 😂😂😂
😂😂😂😂 Hai Chief you are out of order
Some of these guys pay a lot of money to buy their qualifications certificate as they were 30 %tears in matric.
🤣🤣🤣🤣 brilliant comment
I feel sorrow for the poor people who lost money 😢
😢😢😢❤
When they say 'Politics is a dirty game' It's true. Really sad for the average common person! Cry my beloved Africa
Sizwe mpofu l applaud you for listening to my request to talk about this VBS ...no favors no compromise even on malema n flyod vamos✊️
@jafassss this channel is slowly turning into EFF propaganda machine, if it's not already
@@kagishomarame3418Propaganda óf EFF?? What does that means? Is Malema & Shivambu Innocent???
Vamos > Go > Malema & Shivambu ? ? up to hell Vamos Thieves 🤑🤑
@lebraa9233 yes they are innocent. Accepting a donation is not a crime no matter how much you hate Malema and Floyd. And you can’t prove it was gratification, the affidavit itself isn’t proof of that. Plus the European/ Dutch CFO who stole billions from Vbs was released from prison only after 3 years. Is he innocent? He stole billions and indirectly caused people to commit suicide and people like you keep quiet about it. Malema and Floyd accepted a donation and then you people act as though they orchestrated the whole thing. Damn hypocrites!
@kagishomarame3418 what propaganda? Explain please
I was patiently waiting for your take on this saga, brilliant and worth the wait. One thing u missed was although it was "only" R2.2bn there was a large portion of that directly from individuals life savings. And the poorest of the poor.
As to why EFF members may have recieved more attention than some of the corrupt municipalities- Malema and Shivambo were very vocal for Zuma to pay back the money for his fire pool etc... VBS exposed their hypocrisy and the public held them to account. Its a matter of 'the squeaky wheel gets the grease'.
But at the end of the day ANC government officials are in the deep 100s of millions in with this corruption by breaking the law to enrich VBS and themselves. Surely that is a way bigger story that R16m hush money??
I think SMW you need to interview Dali Mpofu and press more on his contradiction to what CIC Malema and Shivambu one said.
Brave of you to take this on. Respect.
The difference between the Guptas and Steinhoff is who was directly affected. Not saying that there was massive indirect effect but those lines of grannies was heartbreaking.
The EFF denied they got anything and the other parties don't pretend to be the main advocate of those same grannies. THAT was their biggest crime. The ANC didn't deny it. We also don't expect the ANC to be better.
Affidavit plainly says it was a donation to EFF. Which political party doesn't take donations?😊
@@TshuTshi9642if it was a donation why did it go into Brian Shivambus bank account? Unlike eff other political parties do not hide their donations.
Malema is going to jail and the eff is going to fall with him. Head of the snake is gone 😂
The EFF should have allowed for monies to go into the organisation bank account. They were probabaly going to escape this issue. The ANC, I am not even going say anything.
Thousands and thousands of ordinary people list their pensions and savings with Steinhoff. That is a fact. So no difference at all.
@@TshuTshi9642 Which political party denied getting donations or moneys for 6yrs from VBS and claim it recieved nothing from VBS? And which party refuses to give its bank details for a legal donation and opt that it be transfared to a bogus company that had no evidence that it did any work with the VBS?
Guys please do not repeat what your fathers did, defending the corruption of the ANC, now you defend obvious wrong doing from you party.
We need to cut this umbillical cord of blind loyalty, that whats brought us to this situation to begin with, of a country that is not developing.
When did he do that? EFF got 16m, there is more than 2 billion missing. The fact that the oversight bodies like SARB failed to wise up or turned a blind eye to the shenanigans should be a serious cause for concern. The municipalities and the PIC were in on it, now that is frightening.
You shouldn't be surprised huge banks have been accused of the rand manipulation but it's still business as usual the matter has been swept under the carpet.
Well researched and presented clearly. Thank you for making a substantial effort to stay impartial as much as you did.
Very informative and insightful presentation. Definitely not the kind of detail and debate that our mainstream media is concerned with. Keep it up.
Thanks for the clarity and indeed regulators have a lot of questions to answer
Excellent job Sizwe yet again ! Just this one episode provides so much context to this saga, the walk through from start to where we are is really well played and a work of art !
This puts most of the reporting we've had so far to shame !
What worries me and should concern all of us is the level of naivety displayed by the EFF leadership on this whole matter. So the EFF was up in arms about VBS's actions in relation to the Zuma matter then out of the blue they get a visit from the Chairman of VBS who essentially offers the EFF money.
Surely the first question they should have asked themselves was whether this was not a setup ! Surely they also would have known this was less about political party funding but more about shutting them up. We can't have this level of naivety at the highest levels of our politics.
The assumption I am working on is that Floyd and Julius were not open to being bribed out of their political positions/views. Maybe this is naive too ! 🤣🤣🤣
This is awesome work, Siz'. I know you don't mean to, but coming across as coming to the EFF's defense is a bad look bro
Yes, for a person not high on financial acumen, your explanation was incisive and logical. Thank you.
Sad to see the poor getting ripped by the system...yet the system stands to be protected. Shame on you South Africa.
its like franz fannon said - the colonial elite just gets replaced with a local elite and they're there to protect each other...while the people remain poor
Those are Politicians Who claim to be Fighting for they Poor people
@@lm_b5080 AGREE with you Very much poor ones remain ever Poor Believing they Freedom fighters very absurd
Eusebius would have been so proud of your objective reporting and analysis 🎉
That affected the poorest of the poor. Given them their money back.
it is sad that Sizwe is so closely implicated in this, with his family & family friends tied to this story. i hope that he was able to keep himself clean & not accept any dodgy money. this is unfortunately the new normal for the SA political elite & we desperately need clean hands & trustworthy voices, i really hope he is one of them
Its not so complicated, they stole
We must stop weaponizing “the poor” for our own political agenda.
@@lm_b5080I'll be surprised if he didn't know
@@lm_b5080 how is sizwe implicated here? you guys are mad man
The introduction section was so needed, it demystifies this whole saga really well 🙏🏾. I feel like I had no clear idea of how it all started
Paris olympics hasn’t even started but I saw a gymnast 🤸 today. Yoh 😮
Best comment I have seen 😂😂
Mxm 😂
😂😂😂😂 So glad he's off the SABC and they got a REAL journalist whose getting 3x the viewership ratings he got.
😂😂😂😂😂😂, yes indeed
I didn't expect this one, 😅😅😅😅😅
You must be white. In which case rational and critical reasoning aren't your strong point. This comment is to be expected.
About time the truth of VBS came out and the 100s of old african people who lost their life savings to these greedy politisions.
And was Jacob Zuma not the president at the time when the ANC was doing this. Also speaks volumes to the leader that now sits atop the MK party. It’s like I’ve always said. JZ and Malema are two rotten fruits off the same branch on the tree that is the ANC. They’ve just been chopped off and planted in different spoil but the branch is the same and the fruit will bear rotten fruit just the same
Brilliant Exposition Sizwe. Thank you very much. You unpacking of the events, political and moral/ethical dimensions was lucid. Eusibius Mckaizer would have been incredibly proud.
How is it '"unknowingly" ?? if a company is giving you money for nothing , who is disadvantaged for that free money?? come on guys... you cant say the EFF didn't know that the money is dirty... that's why they ensured it gets to the EFF via dark corners
a bank can do all kinds of deals to make money, it cannot only be deposits from old grannies. So how can they knoe it is specifically grannies' monies?
@tshepotsolo7425 if EFF were the DA you won’t be saying all that. Idk why some of you suffer from self hate. How could the EFF have known it was dirty? And where in the affidavit does it imply on this? In fact if the money was dirty then the EFF are victims of vbs too because they had no way of knowing the money had been acquired through fraudulent means. Also If they wanted to hide it why not put it into a non EFF account? Everyone knows Brian Shivambu is an EFF member. Isn’t the best way to leave no trace to put it into a non EFF / non partisan person’s business account? Be objective, stop indulging in your self hate. Political parties can put money into various accounts and many do.
Political parties get funding all the time. Look at the DA. It got 150 million.
It is funny that you ask questions and answer them yourself. Well, the EFF has nothing to do with this matter. It is Vele and Sgameka that made deals
He bribed the top at VBS .He said he will exposed Zuma as he had receive R7m disguised as home loan .He used bribery.
Although i dont always agree with the views here on SMWX it still is an informative channel. For the better part it serves as a positive contributor to important issues as well as the wider political debates concerning SA politics. So kudos for that.
On a different note i've seen and heard the EFF's before and after stances regarding the VBS saga. More importantly Adv.Dali Mpofu's unclear and contradictory responses on the VBS story within a short space of time were an extremely poor attempt at damage control. Very worrying to say the least.
SMWX should interview Pauli Van Wyk
Supported, maka bizwe uPauli van W
Most definitely. Please. Sizwe, ntja. Please.🙌🏼🙌🏼
wont dare to, will expose his puppetmasters, Julius@Floyd .The purpose of this hack job was to detract attention from the EFF.
I agree 👍 💯
Yes that would be interesting.
Once again SMWX has the full historical and current story. Thank you. I've not been able to wrap my head around it for the longest time. Good work!❤
Well done Sizwe. I was waiting with particular interest to hear your comments considering the circumstances. Must have been a difficult one. It think you acquitted yourself well.
ALL corruption must be rooted out for the sake of our people and that of the generations to come - and not just technically illegal corruption but moral corruption also. We need people with honesty and integrity to be our leaders. People who would always do the right thing and not just because of the legality.
There are many people like that in this country. Hopefully we will have some of them as leaders once we clean house.
We shall see how this unfolds.
Sizwe, you are very smart! You have incredible skills of coming across as objective even though you plainly bias. While you appeared to emphasize that the EFF should be held accountable and respond to the issues, but you quick to link the ANC at the heart of the whole scandal. I think this is not reflective of an objective analysis as you would want us to believe. I will suggest that you perhaps consider allowing other people to comment about issues that Adv Mpofu is seized with.
You are real good at taking us through stories. Much appreciated
@@jafassssthat's given
I love the way Julius and Floyd just took the money supposedly for the EFF and just spent it on themselves…… sums them up perfectly
IL appreciate having guests/people involved in such scandals, so they can answer themselves
I find this to be another VBS scandal view to look at its previous findings this far. We will watch the space of the future revealings which might emerge still. Thanks so much.
Wow! AYEYE! CLEAR AND ON POINT, THANK YOU FOR ALWAYS ARTICULATING MATTERS IN THIS WAY....
I’m sadly disappointed that you have defended the EFF. I really believed that we had finally found an unbiased news source that we could actually trust to analyse the facts without the usual agendas being pushed. This makes me doubt all your previous podcasts. Regards Brent
It was obvious all along. Sizwe is EFF through and through. Go and re watch prior podcasts with your eyes open now.
I am much happy about what this VBS come from and the impact and who is involved,, Keep it up. And of course good move to start with EFF to feed the obvious narrative,,myself dying and limping about My Party EFF will take a bite of ice,, but we will see if itcis fair to sell tge narrative that EFF bankrupted VBS,,,, truth will turn out
A truly excellent podcast rich with information, context and balance. Learned tonnes. I hope my summary below has done it justice.
The main messages - look at the big picture, get the facts, keep things in proportion, let the courts decide, let it unfold, don’t listen just to Daily Maverick 😂.
My comments:
Seeing as Sizwe became very colour blind making some oblique special mentions about a crooked VBS kingpin and associations with wine farmers etc. let me say it straight. For anyone who thinks that white people are not knee deep in this corruption from time to time or even extensively think again. In every population there are the corrupt. They live among us whether we are in Constantia or Mamelodi, whether we are rich or poor.
The second unspoken point is why the EFF in particular has been a such lightening rod for derision in this saga, quite apart from the politics. The reason is scale, not of the money stolen, but the scale of the hypocrisy. The behaviour of some of the leaders (broader than VBS) and what they say they stand for are so at odds to be oblivious. To explain, if one is unashamedly a white monopoly capitalist well you can expect stealing from and stomping on the poor - that’s par for the course. But if you are communistic and strongly representative of the poor, black working class and live like a white monopoly capitalist - the dissonance is next level.
--
SUMMARY
OPENING
Outed 2018
Important investigative reporting
What has been lost?
BACKGROUND
Wide ranging sources look at them all to understand
Complex, regulatory
Adv Terry Mdao - investigative report requires a lot of praise (SARS)
Report by Lex Mpadi PIC asset manager investor in VBS
Subsequent report PIC
Further criminal proceedings plus investigative journalism
TIMELINE
VBS is mutual bank handed from bantustan system
Basis then was occupation but not ownership
VBS defined a system of loans for occupiers early 1980s
2010s VBS limping along, Venda king comes into office, business people from Limpopo come in to take over the bank
First it’s a vehicle Matodzi (kingpin) + Venda
King comes in with their vehicle + PIC already had ownership + depositors (read van Rensburg “VBS a dream defrauded”)
Vehicle that took over VBS actually suspended Matodzi (acting weird) but Venda king convinced them not to
Consequence Matodzi took over and sidelined consortium
Eventually Vele Investments became the majority shareholder
Ordinary sh voted Matodzi in as chair over the wishes of the consortium
Matodzi corporate guy accounting KPMG EY UJ background surrounded himself with UJ black accountants {lots of hope sigh)
Matodzi created loan transaction from VBS to shareholders buy shares into VBS so Vele went from 4% to 1/2
Pity it was not spotted earlier by regulators (??)
POLITICAL PARTIES INVOLVEMENT
EFF Story
Money channeled to EFF to stop criticizing VBS about Zuma loan from VBS
Vele to Scamega 😂😂 to EFF leaders (restaurant, homes etc)
No legitimate business ends between Vele and Scamega
“Gratification” public power to misuse money
In the book he says it is sad and politicking but now gratification
[Does EFF really have a penthouse in Sandton?]
requirement to open VBS bank account (Scamega)
Why gratification? No EFF account opened all parties knew
EFF must answer why Scamega and what happened to the money - a bit unfair trial by media due to leak
Julius did hold press conference prior to latest but he needs to do it again (if he can’t reassure the public then consequences be that as it may)
Politicians accept money all the time - Helen Zille accepted money from Gupta for DA
It’s unfair to expect that they should have known the VBS looting (as opposed to just benefiting unknowingly)
Parliamentary enquiry - FS sanction him for disclosure
ANC story
It seems clear that conspiracy with ANC to make regulars (SARB, Treasury) turn blind eye
Commissions to mayors to put money into VBS which is massive scale compared to EFF
Msize ANC is accused and on trial). Note both EFF and DA approached VBS for donations
SARB was very slow to catch on but became very proactive
DG of Treasury was accused of taking a bribe
Auditors?
ANALYSIS
Keep in proportion: Steinhof 100b, Gupta trillions maybe, VBS 2.2b
Conspiracies: 2015-2015 the Matodzi ascendency there were 4 concurrent conspiracies
1/ inside bank false transactions and reporting (fool, bribe)
2/ bank and Limpopo state and municipalities (pay off all politicians to get deposits (municipal not allowed to invest in mutual banks)
3/ state institutions outside Limpopo - reserve bank (did not go well, treasury (false compliance), auditors of state institutions and the bank (blind eye) (who?)
4/ Political parties in particular ANC but also EFF
Why has VBS got so much attention? Conspicuous consumptions, personalities Malema ?
This a story how corruption is writ large
Affidavit crazy about many actors
Much bigger story than EFF (danger there)
Where else is this happening. Corporate power and greed?Matodzi has [white] wine farmers as buddies?
We will learn many more things in the legal proceedings
Strategic leaking. Who?
Fair analysis.
Good summary and analysis.
The most indipendent media page 👏🏿👏🏿and again well invested research and analysis ..let’s hope our law take its coz and unfold everything .and am glad you recognise a need for our public representatives to answer or explain more to the people
If the intention of Matodzi was to pay EFF leaders to quiet down on their criticism of the bank, would that make a difference in a court of law? Can one be complicit in corruption if they receive gratification in exchange for changing their rhetoric, or did the EFF give something else in return?
Hopefully people remember to hold the ANC and gov. institutions to account on this one. EFF is only one small part of this.
Interesting take.
Did they enter into an unlawful relationship with VBS is the question. Yes they created a fake document to justify payments for work that never existed in order to benefit privately. That is fraud regardless of their knowledge of the inner workings of VBS or not.
Ahhhh Sizwe, sometimes you start leaning to the left but some of your comments in this video had me in stitches. Keep up the good work.
Pensioners and low income investors were affected by this saga. Phalaphala has so far only affected CR's image
Dr. ,soon to be Law Graduate going forward SMWX, excellent and very well balanced perspective and unbiased reporting on this most sensitive subject! We look forward to your further reporting on this matter as the saga unfolds! As Citizens of our new age in this multi party Government which we have all voted for, we now more than ever want and demand transparency going forward and I welcome this leaked affidavit! I am sure every Citizen wants transparency and to hear the truth! We are so tired of lies, corruption and empty promises!
Well-balanced? Please
If the EFF didn’t know of the fraud at VBS when the donation to them was on the table, maybe you are right in that they have been unfairly targeted. However what is worrisome is that Julius has denied ever having met with Matodzi. The truth will out.
Julius never denied meeting Matodzi, from his first media conference about this VBS he said he doesn't know anyone at VBS except a guy called Matodzi introduced to him somewhere in Venda
its not complicated..it was money paid into various accounts and then moved into other accounts and used for whatever purposes deemed neccessary..money that was never the end users...fraud and theft...
A political party can have multiple accounts. You are clearly a matriculant or 30% pass rate and are clueless. It’s not a crime to move money between various accounts. It’s a crime to launder stolen money. Go and prove that the money was stolen because CLEARLY a donation isn’t theft. And no one is entitled to determine that the donation came from stolen monies. It could have been from bank profits. Besides even if the monies were stolen by vbs execs, how would EFF have known that? There’s nothing suggesting that they would have known it was stolen, not even the affidavit
I can't help it but wonder why Malema demanded Floyd be made Minister of finance should the ANC approach them for a Coalition. makes you go down a rabbit hole
Thanks Sizwe for bringing both the Book of Messrs Van Rensberg and The Affidavid, most of us didn't know that Mr Mathodzi had made different vows before. His choice of words as well is amazing this time around and these words fall in a certain category of legal jargon which has certain legal ramifications, wow!
This is why it's important NOT to nationalise SARB. Imagine would what have happened if SARB was nationalised?
It must be tough for Sizwe to be completely objective. Given the fact that his father is a devious, mean and patronising defender of bad men.
Stop
Allegedly* you forgot. Nothing has been proven yet.
@@XPR2019oh you poor naive thing, let me help you (to mimic Dali Mpofu's disgraceful and patronising tone to any journalist out there). This is how it works in S.A. the politically connected, which includes those Dali Mpofu seeks to defend, have friends in SAPS. Even the blind could see THAT. These friends routinely lose dockets in exchange for ...... The NPA cannot do a thing without a docket.
I hope you are now better informed.
Bro you're compromised on this matter in fact in all things related to the EFF.
No, but Malema and Floyd asked for the 'donation' in order to stop criticizing VBS. Thats extortion and probably was done to Clicks, P&P etc..
They were offered a donation to stop talking about VBS in public and to stop the Zuma loan criticism .
@@unathibooi4821 Offered 🤣🤣🤣🤣🤣🤣. The Chairman offers a huge amount of money why?
@tonyct6640 you anti EFF clowns will have sleepless nights from this chest pain of confusion you are bringing upon yourself. One minute you believe the affidavit then the next minute you denounce the affidavit. The guy who wrote the affidavit said he OFFERED the donation. Not the other way around. Why would he lie about it being an offer?
@rthare1 the idea that EFF “asked” for the donation even though the affidavit says it was OFFERED is simply your own possibly drug fuelled hallucinations. That affidavit says it was OFFERED but your hallucinations have clearly made you believe otherwise
@@YT-xk5jl Delusional or trying to cover up that is what you are or trying to do. Under what circumstances would you offer such a donation? Only when a gun is against your head do you offer such a large donation. If the donation was offered at election time without reference to the Zuma matter it is a different thing. It was offered whilst the VBS representative was trying to get the EFF to turn off the heat. It was a desperate act and it was a case of "We can keep quiet but what can you do for us?" That is a means of extortion. You are trying to defend the indefensible. Look in the mirror.
How you describe the homeland system is similar to how I understand EFF policy to be on state land ownership.
exactly.
Good information Mr Mpofu. EFF must please pay back the poor,old grannies 'money. Please buti they must not delay.
Facts. Small brain 🧠
💩 for 🧠
After the rand Manipulators account please.
pay back donation money? Wawuke wayiva phi lonto?
@@mandelaali5194 what about other parties like AnC and communist party. I agree if EFF got the donation unlawful of I which I don't see where is mentioned like that , then they need to pay it back, but south African a investing their time on. 2 pages of the affidavit and ignore majority of the the affidavit. EFF is really giving you a hard time only by telling it like it is
Thank you for giving us information that mainstream is not willing to. You're niche is to be different from them, so keep it that way, keep it fresh.
Yeses maan love this channel shout out Mr Mpofu for these beautiful art of work❤
You guys trolled Sizwe into making an episode about VBS! Well done! 👏👏👏👏
If this was a donation to the EFF then why is there also a contract for services to be rendered? Surely both can’t be true. Unless these were separate monies?
Dr I agree, corruption goes much deeper in the private sector same as in government and political parties. This may explain why these people are so protected and powerful with no fear of retribution.
The fact that the EFF took hush money speaks to their character. Taking money to stop talking about something in a Political space is dishonest and shame on the EFF for this. It’s not that it’s a political donation but if they can be bought then they need to get off their high horse. So basically the EFF can be bought.
Political donations are ok but when they influence your politics then there is something wrong. This is the biggest problem in US politics and we need to keep it out of SA at all costs.
Funny I don’t see the DA mentioned in these allegations. Speaks VOLUMES as to who really backs up what they say.
Great analysis. No taking sides. Well done Sizwe👏
I did asked myself why Julius and the EFF were defending PP Makhwebana for impeachment in parliament and now i see the reason why🤔
My brother you provide us with excellent analysis. Thank you. The point I think you are missing about why the story is becoming about the EFF more than others is that the EFF was loudly critical of VBS and their position changed because their leaders received some money for Gucci. An then they denied it. It's scandalous for an organization which is fundamentally pro poor - and will stick to the truth. The other guys are usual suspects. No story there. Badla njalo. Badla everyday o-comrade.
Let me sit comfortable and listen 🙏
Thanks for this informative explanation,you have explained the VBS saga perfectly so that the layman understands what went wrong.
Brilliant analysis as always!! Most people are letting personal baises get in the way of fairness and objective analysis on the issue.
@@jafassss 🤣🤣 why are you here?
Ayeye, been waiting for this breakdown.
Stellar critical analysis.. Merci Beaucoup Monsieur
A great, nuanced, well balanced video. Many of the other channels have, understandably, gone for the EFF grabbing headlines but you have provided a great comprehensive version of the events - I am not sure if everybody understands the roots of the VBS drama and why the outcome was ultimately inevitable. Keep up the good work!
cus his father defended Zuma in court. He is defending the EFF right now. Dont be so gullible
@@erickdavid2412 it does not mean that the EFF are blameless here - there still the balance of the R2,2bn that needs to be accounted for.
@@erickdavid2412💩 for 🧠
Thats true, many of us we didn't even know where this bank comes from.
@@erickdavid2412 You obviously either didn’t watch the video, or you have selective hearing… He did not defend the EFF.
30,000K shoes chelete ya dikeledi😭😭 black monopoly capital
Maybe he saved up his salary thle!
Sizwe Mpofu Walsh ❤🔥❤🔥💯
Enea. Joburg Gauteng Province. A very critical, interesting and fascinating story as you said yourself. I would really like to follow up on this story and how corruption happens in SA power, politics and our socioeconomic system.. My interests is also around paying the depositors, how are these poor people going to get their money back if they will ever get it. My praise to you and your media, a very wonderful story indeed, 👌I love it! Thanks
Thank you for this comprehensive examination Mr Mpofu. This is indeed another State capture and its disgusting, coming from people advocating to better the lives of the most vulnerable. Hope justice will be serve after all.
Presenter is amazing, informative.
All animals are equal but some are more equal than others, we are repeatedly reminded of this and that we can't do a thing about it.
Thanks for your breakdown Dr.. Indeed a lot is lost in the sensational reporting by various interlinked media houses to an extent that majority of the ordinary people don't really know what could have happened with the VBS.
There is a lot in this VBS saga. It's a pity that our media has already taken a position that EFF is the main culprit and has somehow tended to minimise the roles played by the other organisations, political parties & regulatort authorities. I'm afraid this will also go the way of the George building collapse wherein we dont even know anything except what was aired on the days of the rescue.
We dont even know the names, genders, age or nationalities of the deceased. We dont know who has been charged and with what. Its just a dead silence.
So the media has consistently singled out EFF as being 100% responsible for the VBS collapse and that does not sit well with me.
after the detailed research and analysis, the whole puzzle has come up clearer. The Court has a strong case against whoever is implicated. keep up the good work Baba
My favorite Mpofu by a country mile😊
As a subscriber who respects u, I really feel bad for u on your commentary on this topic. Maybe u should have skipped this one and not felt pressured to do this. After all, Dali is your dad, and it's difficult to criticize a parent, period!
You lie. You just came here for this. Trying to guilt trip Sizwe. Tsek Msunu.
Sizwe, are you going to disclose your obvious conflict of interest when discussing this topic???
nope he never does.
SARS should ask Sgameka Projects to explain where the monies were distributed and see if the monies were declared in tax returns. See if Brian Shivambu likes the heat.
He already had the heat. There’s nothing you haters can do at this point except sound like a broken record. Brian has already paid back some of the loan. His Sgameka accounts have already been scrutinized.
Now what?
@@YT-xk5jl Follow the trail even further and see who received the money, before he paid back some of the money. Even if he pays back the full amount it would be prudent to see if the recipients at the time disclosed it in their tax returns.
Wow. Sizwe was really trying hard to make EFF look innocent
Fighters must never allow themselves to be led into a pit of loyalty. Politics is not football if the organisation is unable to deal with corrupt activities involving its leaders then that is not an organisation to be trusted with the mandate of the people.
Should they not address it and the anxiety persists towards the NPA in December, if the same leaders are voted back into power that 9% will go further down
You are not a fighter. You can’t speak for fighters. The 9% will not go down no matter how much they cry and wail about vbs. EFF supporters are unshaken. A donation is not theft. And if that is what you call corruption then you need a dictionary or an education or both. They must prove that it was gratification or whatever they are calling it. The vbs chair got nothing in return so it couldn’t have been a bribe. If the vbs execs really wanted to stop negative publicity against vbs they could have gone to the media but instead they claim they went to the EFF for that. Nonsense. There was no bribe here. It was a donation
Thanks!
Thank you!
Did Malema and Floyed sell the EFF’s political muscle for personal gain?
offcourse yes
I was intrigued by the stat provided in quantifying the amount of money, R2,2 billion which went from VBS. Particularly, as a comparison with 100 billion in Steihnhof and potentially trillions looted with the Gupta brothers and their state capture scheme. Why I was intrigued is that I found giving the amounts to be a moot point, and also a polarizing distraction as the comparison isn't sufficiently qualified. The impact of the systemic corrupting and crippling of state institutions is pervasive and constant. Which individuals, parties and private businesses are implicated and for what amounts speaks to larger issues of graft and parasitic opportunism. Consider the metaphor:" how do you eat and elephant? One bite at time." The result is the elephant is eaten and every bit counts, and in this case the looting of our country's institutions. R16M is a lot, but the cost to the clients of the bank and South Africa are astronomically large. Overall, however I am grateful and impressed with the objectivity and insightfulness of this piece. Thank you.
The example given of the MK or ACDP receiving funds from a mine as a donation to the party is very different to the arrangement between Shavambo and Malema. Thes two men were paid hush money, not as donations to an EFF account, but dileberately set up mechanisms for thier own benefit. In this way they were defrauding the shareholders of VBS by recieving funds illegaly.
No use in telling this guy. His dad defended Zuma in court. He has ties to the EFF. This is propaganda. He speaks slow and thinks hard about what words to use to fool the dumb ones.
Stop bieng delusional. A donation is a donation, just like how white monopoly capital donates to the DA and various other parties.
So when white monopoly capital donates to the DA or Freedom Front Plus, it's corruption?
How about the one about DA receiving money from the Guptas?
16mil/2.1Billion...all we should care about is EFF? mncimmm
I just new it! I had always gotten the feeling that you are biased and this video confirmed. So EFF took the money without knowing mxm
Will Julius/ Shivambo trade their red overalls for a nice Orange one? Very possible
I was hoping you would speak about Dali Mpofu s response to the allegations!
It is common knowledge that these companies and institutions donate to influential political parties for their own benefits and not necessarily the political parties themselves. However,it appears that the ANC has been in a tendency of having some of these institutions as their cash cows. Guputas as the other architects to this phenomenon.
But how many donations were made to other political parties, where the donations went into banking accounts in the name of a third party - like in the case of EFF.
Mpofu please don’t forget your father mpofu , his friends
What is 5his about now?