Who paid SACP's R3m venue for its national congress?
14 November 2018
While the SACP has denied claims that Vele Investments paid R3m to the Birchwood Hotel for the party's national congress last year, it says it can't say how it paid for the venue just yet as it is still considering its legal options. Vele Investments was a major shareholder in VBS Mutual bank.
Asked by News24 about how the payment had been made, if not by Vele, the communist party said it would respond "once a final decision has been made after considering legal options".
"The party will make an announcement at an appropriate time in an appropriate manner," said spokesperson Alex Mashilo.
Mashilo distanced the party from VBS and said the SACP still stood by its initial statement on advocate Terry Motau's "The Great Bank Heist" report that all those who are found to have been complicit, or directly looted the mutual bank, should be held to account.