VBS Scandal: Capricorn municipality mayor explains R60m investment
7 November 2018
Limpopo's Capricorn District Municipality Mayor John Mpe has detailed how the entity came to invest R60m into VBS Mutual Bank, blaming his predecessor, Gilbert Kganyago, who he said played a pivotal role in the move.
Mpe provided the timeline to the media in Polokwane on Tuesday to rectify the "deliberate distortions and calculated omissions" by SACP general secretary Solly Mapaila about the events that led to the VBS investment.
Kganyago is the provincial secretary of the SACP.
He has in the past vehemently denied his involvement in the VBS saga.