Hello listeners, welcome back to the Pink Notice Podcast! This week, we continue 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 take a deep dive into portions of the affidavit that reveal the intricacies of the scandal. We explore VBS’ turnaround strategy, Venmont Capital and the sudden appearance of R250 Million and finally, where the scandal is today.
We also briefly discuss the American political situations being Hope Biden dropping out of the Presidential race and endorsing his running-mate Kamala Harris. What does this mean for the future of their country and the possible implications this could have on Gaza.
Hopefully you enjoy part two! We will be releasing future updates on this scandal as it develops.
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)
• Tshifhiwa Matodzi’s Affidavit
• 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
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Episode 5: The VBS Scandal (Part 2)