SACP Limpopo Leader Suspended Over VBS Scandal

SACP leader Blade Nzimande says the allegations are being peddled by the EFF. PICTURE: eNCA

JOHANNESBURG: The party says it felt his tainted image linked with the bank scandal would not do any good to the party.

The suspension of SA Communist Party (SACP) provincial secretary in Limpopo Gilbert Kganyago amid allegations the party received R3 million from VBS Mutual Bank proves beyond any shadow of doubt the leadership of the SACP is hypocritical, dishonest and not trustworthy.

This was the view of political analyst Lesiba Tefo yesterday after allegations the SACP received the money in order to bankroll its national congress.

Tefo said the new claims proved that the SACP was “all talk but no action” about fighting corruption in South Africa.

“The SACP took a serious knock with this [allegation]. This suggests they always knew about this arrangement but chose to keep mum about it because they knew they were conflicted,” he said.

The Reserve Bank’s report, The Great Bank Heist by Advocate Terry Motau, linked Kganyago and 52 other people or companies to losses at VBS caused by mismanagement and fraud amounting to R1.8 billion.

Former VBS chairperson Tshifhiwa Matodzi claimed the SACP was among many political parties that benefited from the illicit money that eventually collapsed the bank.

Yesterday, the SACP general secretary and Minister of Transport Blade Nzimande denied his party received R3-million from the embattled VBS Mutual Bank. 

Nzimande said the allegations are being peddled by the EFF in order to divert attention from its own role in the bank’s scandal.

“The EFF is telling lies. If they have proof they must bring it. It is very clear what they are trying to do,” said Nzimande to eNCA. 

“They are trying to divert the attention from the fact that they are the ones who are seriously implicated. They must face the truth,” he added.