North West ANC recalls 4 mayors linked to VBS scandal
5 December 2018
The ANC in the North West's provincial task team (PTT) decided to recall, with immediate effect six of its mayors in the province, including four who had invested money from their municipalities in the collapsed VBS Mutual Bank.
It emerged that several North West municipalities including, Madibeng, Moretele, Mahikeng and Dr Ruth Segomotsi Mompati invested R314m in the defunct bank.
The PTT's spokesperson Kabelo Mataboge confirmed to News24 that a decision to recall all six mayors was taken during a meeting held on Monday, with two other mayors from Mauassie-Hills and Mamusa being axed over "governance issues".
The four municipalities were implicated in a damning report by Advocate Terry Motau titled the "Great Bank Heist" that found that over 50 individuals and companies looted almost R2bn from the VBS bank.