Julis Malema & Shivambu; This is How The VBS is Affecting EFF

Julis Malema & Shivambu; This is How The VBS is Affecting EFF
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Tshifhiwa Matodzi, the former chairperson of VBS Mutual Bank, was sentenced to 15 years in prison for orchestrating the $130m (£100m) fraud that led to the bank's collapse in 2018. He pleaded guilty to 33 counts of corruption, theft, fraud, money laundering and racketeering.
Matodzi's 70-page affidavit, which was leaked to the public, makes several explosive allegations:
The EFF received R5 million and R1 million monthly "donations" funneled through a company owned by Brian Shivambu, the brother of EFF deputy president Floyd Shivambu, to improve VBS's reputation after giving former President Jacob Zuma a home loan for Nkandla
The Economic Freedom Fighters (EFF) has faced significant challenges to its political standing due to its alleged involvement in the VBS Mutual Bank scandal. Here are the key impacts:
Allegations and Political Pressure
Corruption Allegations: The EFF leaders, particularly Julius Malema and Floyd Shivambu, have been implicated in allegations of receiving funds from VBS in exchange for favorable publicity. Former VBS chairperson Tshifhiwa Matodzi claimed that he made substantial "donations" to the party, which has led to increased scrutiny and pressure from political opponents, particularly the Democratic Alliance (DA)