Hello listeners, welcome back to the Pink Notice Podcast! This week, we start our deep dive into the VBS scandal!
With the former chairman of the bank—Tshifhiwa Matodzi—entering into a plea deal on 10 July 2024 and the subsequent release of his affidavit, we set the stage with a primer on the scandal and answer: What is VBS? What has happened (as of a 2018 report commissioned by the South African Reserve Bank)? And finally, how much was allegedly looted?
But first! We welcome you with the intricacies of Akha making friends in a gym to which he’s unlikely to ever return and a brief discussion of thirst traps and how we both navigate them—if you’d like us to go further in another episode do let us know.
Hopefully you enjoy part one and are excited for part two, dropping next week!
This is our first real deep dive, and we would love your feedback! if you enjoyed this format, do let us know. Enjoy the episode!
The main sources we relied on were:
VBS Mutual Bank The Great Bank Heist (SARB-Commissioned Report)
Explosive VBS affidavit: EFF, ANC, Treasury, Floyd Shivambu, Tshifhiwa Matodzi, Julius Malema - SMWX
Hosted by Akha Manjezi and Mukisa Mujulizi
Akha Manjezi: https://akha.manjezi.com
Mukisa Mujulizi: https://instagram.com/mukisamujulizi
Your favourite podcast player: https://sharedapp.page.link/uahbbY93k6KmV8SU8
Episode 4: The VBS Scandal (Part 1)