The great bank heist: Malema, Shivambu, Matodzi, and the VBS scandal
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- เผยแพร่เมื่อ 20 พ.ย. 2024
- In an explosive 70-page “witness statement”, former VBS chairperson Tshifhiwa Matodzi has laid bare the corruption that rotted the bank from within.
Although he does preface his statement with an apology to all those affected, including depositors, stakeholders, shareholders, staff, members of the public and taxpayers, the statement is devoid of emotion. As early as page six, he flatly states: “We engaged in a web of corrupt activities.”
National Treasury Dondo Mogajane, through a legal representative, denied any impropriety in his dealings with VBS Bank and/or Mr Matodzi.
Story by: Pauli van Wyk
Additional story by: Neesa Moodley
Video by: Victoria O'Regan
Additional videos by: Emilie Gambade and Malibongwe Tyilo
Edited by: Malibongwe Tyilo
#southafrica #vbs #investigations #dailymaverick
This is a perfect example of why investigative journalism is so important. Well done on such important work done.
a racist and selective investigative journalism that is influenced by racism.
@@HarwardMbonxa please define racism
@@HarwardMbonxa bs
@@HarwardMbonxa nobody is racist about this. if you put your hand in the cookie jar you get caught
@@HarwardMbonxa nobody except those in your echo chamber will ever take you seriously if your only argument is racism. You are spreading poison.
Stealing from poor old people, is the lowest thing a person can do.
Sies man !!
Oh! U Mean That SGAMEGA LOAN...ITS BEEN PAID BACK TO VBS...😅😅
what about steinhoff R400B scanndal that led to widowers losing their life time savings.
@@MmolokiLebogangLekoko-fv9pq and the money from it who went to malema en shivambu?
@@shiftyourmindset2 No sir..SGAMEGA a company which belonging to and legally registered by Floyd_shivambu's brother.. which was also "alleged"it did some maintenance work to a company belonging to Julius & Floyd..ALLEGEDLY
@@MmolokiLebogangLekoko-fv9pq clown 🤡 twerking for eff as always
Hats off to this brave young lady, and her publishing house/newspaper she works for, for supporting her. South Africa needs people like you.
If her investigation can't get Malema and Floyd arrested then all her work was based on racism. And let me tell u all now that, Malema n Floyd would never be arrested.
If it was my media house I would actually fire her. R2 billion was lost at VBS and an investigative journalist tells me that R180k went to Floyd and now he is the main character of the whole saga?
I would fire her, take her pension money and donate it to the real victims of VBS for using their pain to advance a political agenda!
This story must never be allowed to die because of corruption and impunity fatigue!
Steinhoff is there as well,do you a garden boy of white racists care about R400B stolen from Steinhoff and R20M received from DA steinhoff scandal.
"It must never be allowed to die", dude you are exposing yourself 😂 why not say it must be prosecuted in court and perpetrators arrested. It's clear this is a smear campaign.
There is nothing more to this story. It’s old and tired at this point. 🥱
Nothing will happen to the EFF people. They above the law.
@@gerriegeldenhuys6253 they are not above the law. They are innocent.
Wonderful! Excellent reporting , thank you!
Cannot wait for more on this, and for those who are guilty to be exposed!
I also hope that somehow those mamas who have lost their savings get it all back!
How many years she has been reporting THIS story? And u r still waiting for more!!! 🤣🤣🤣
Yes the people who lost their money don't care how long ago it was.@@leonardchauke2601
Initially they swore blindly they never received a cent from VBS and now all of a sudden they received a donation!!! They are guilty and need to be dealt with NOW!!
A "donation" which was not even declared in Parliament. These guys are simply crooks and thieves.
U are UNTI- EFF Thats why u are angry..Since when & where in the S.A constitution is receiving a donation is illegal...Then all donations shud be declared illegal in S.A Not EFF's..@@nditshenimudau5739
Did you Jst say donation
You must be out of your mind if you gonna charge someone for donation
@cyprianmatanzima1814 all donations for political parties have to be declared, but the EFF didn't declare it because it clearly wasn't a donation.
As a black South African..it breaks my heart that we can't even trust our own people...
@@thabangzaula2873 we just hate ourselves as blacks,we don't blame ourselves,we blame those who came before us ,they sold us ,now everything good is white
Dont be sad...brother...maybe God has really something new for all of us...maybe the GNU government is Gods plan to bring us together and help us moving forward as one...and our children will have better opportunities...take courage...God bless you keep you
Trust should be measured against one's deeds. Not race, but sadly, it is.
Hey Thabang, don’t waste your emotions. This is a load of BS!
@@Phillip-oo2ft AMEN 🙏
Malema and Shivambo you cursed your children and your generation to come by looting from the poor, the same poor you promised them that you will be their voice 😢
Let the evidence comes out if malema and shivambu stole the money.
Only 2 people can steal from the bank All the bank money U Joking
Go look for Others u hiding
Unless it's Hatred I'm ur heart ❤️
Well done Pauli,Love you for your great reporting and ethics. Ur a true Patriot.
Brilliant Journalism. Thank You for your courage, strength, and not giving up , no matter what came your way.
You are Highly respected.
We won't give up.
Excellent reporting and the most detailed one in the looting of VBS.
It's true , everyone accused must have their day in court.
Well done Pauli !
what about R400B Steinhoff looting by DA and R20M it receives from steinhoff,only white garden boy like you will celebrate racist journalist like this white lady.
what about sternhoof
@@believenhobela5558 Don't talk nonsense. That's not the matter at hand here, you fool.
@@believenhobela5558 I will comment about this issue/video only .
At least accused must have a day in court not Malema and Floyd. Remember, NPA and courts doesn't use emotions to arrrst people like u do. They need evidence which ur Pauli can't produce after so many years. She can go back n write until she die like her friends n colleagues, she would never get those two arrested. 😂😂😂
Pauli and Marianne Thamm have been brilliant in uncovering this injustice. The EFF has threatened, insulted and racially abused them but they've been consistent. To those that say they should keep the same energy when it comes to 'white' corruption, I guess reading is a not a strong point. Daily Maverick is free, you may, if you can afford it, pay a fee to support their incredible work.
only clowns like you will celebrate racists journalists.
That's just a smear campaign aimed at destroying the EFF leadership so the puppets of ANC can continue to be led by their masters the Stellenbosch Mafia and DP
I am stunned by Pauly's brilliant work that after so many years of trying to link Malema n Flyod to the crime committed, still can't prove to the NPA how they committed a crime. Therefore, she can write until her last day like her colleagues, her wish will never happen, and all these racists white should deal with it.
Come on now 🥱. It really doesn’t take a lot of reading or a genius to conclude that Daily Maverick is a biased news outlet.
@@TheProgressiveChap Say you don't read without saying it. One of the best articles about white racial denialism was written on the Maverick, you confuse its readership with its journalism
Please don't quit. Be relentless.
You're the best at what you do and have raised the bar on Journalism to such a great height, no one will ever be able to reach, nor exceed it.
On behalf of my family and I, thank you for being a woman and Journalist with unprocurable integrity.
May the Lord continue to bless you
🎉❤✝️
Pauli good job please continue what you are doing it's time to put Malema behind bars......he stole from the poor and must pay!!!!!😡
They will insult you because you're speaking the truth
I doubt you know what truth is 😂.
NO SHE Is LYING..EFF NEVER RECEIVED ANY MONEY...SGAMEGA DID..AND THE MONEY HAS BEEN SINCE RE- PAID BACK TO VBS....SGAMEGA IS FLOYDs brothers company its been cleared.. Donation are legal in S.A under S.A Constitution.OR Lobby a law that criminalised all Donations then..LOOks like is illegal for a us blackman to receive donations including Malema.Its always a problem when us blacks benefits WHY ????😢😢😢
I doubt you do @@TshepisoMagomane
@@Andy-h1n8v never said I did .
@@TshepisoMagomane #nevergofullretard
Keep up the Great Work Pauli! The usung hero of Investigative Journalism
Indeed excellent journalism and breaking it down for us to understand better the corruption thst occured🙌🙌⚘️🍁🌷🌺❤️♥️💞🇿🇦🇿🇦
racism is what ifluence this so called ivestigative journalism.
If that great work can't get them arrested then it'll all remain nonsense!!!
Brilliant work, well done 👍
Excellent work from brilliant investigative reporters,one hopes other journalists learn and report as truthfully.
racist so called investigative journalism motivated by racism.
That's what we all hopes for. Not this biased n racists reporting that would never get anyone arrested but the smear campaign against the EFF. U failed before, and u all still going to fail. She can report lies until she die, she won't be the 1st one.
Brilliant investigating and reporting
Excellent piece, please do bank manipulation expose next as all corrupt people must be revealed.
including R400B steinhoff scandal and R20M DA received from steinhoff.
She is only after Bantu African leaders... Specifically those opposed to capital
Shem baba. Become a journalist yourself you are trying to deviate from facts. If you read daily maverick you will lots of Steinhoff exposes but you prefer to remain dumb 30% er and not read. People like you vote for tsotsis like EFF
They'll never, that one is big boys club, they never expose the big boys club
Lmao then steinhoff
At the end of the day the only people arrested for VBS have been the ANC. Shouldn't they be the focus?
Malema and Shivambu arrests will come from these sorts of people who have provided proof to the police and NPA. This will be the end of their political careers and the pressure is mounting for them to be arrested. It’s getting there.
That does not mean the Eff is not a1100 percent guilty of this robbery from old frail pensioners.
Guilty according Daily Maverick yes. Unfortunately this is not a court.
The question is shouldnt those found guilty be the focus?@@mahannaidu5228
We want that pensioners money back now that there is a clear evidence, they must be in yellow overalls
@@makiemdlalose5645 What clear evidence?
Did you recover money from Marodzi and Philip Truter?
Excellent investigation Pauli and your team. Very brave God Bless you. You are a warrior for the poor. This stolen money was from poor people. Shame on criminals who benefited from this. They need to be jailed for a very long time and pay back this money.
Very true, those who participated should be jailed for a very long time. But if there's someone here still waiting for EFF leaders to be arrested, then keep dreaming.
Champagne Bolsheviks. George Orwell said it all when he wrote Animal Farm. Tragic.
Kudos to Pauli, Marianne and this robust team of investigative journalists who uncovered and painstakingly reported without fear or favour.
Pauli van Wyk is a rare gem 💎 we appreciate your skills and dedication ❤
Your one smarty pants no matter how much they tried to " shut u up..". sorry for the wording.used..u proved them wrong ....wat a journalists you are ...god protect you...n please b safe
These political thugs must be prosecuted and held accountable for their actions..no matter what the consequences..
And this is why I donate to Daily Maverick. Exceptional journalism!
Keep on donating, it's ur money but nonsense would remain nonsense 👎 👎 👎
Great work, Pauli .They must pay back the money!!!
Good reporting on the investigation, trails and fact checking thus far👌🏽
After more than 5yrs, still can't prove Malema n Shivambu guilt. What's fact to you that NPA sees false information? Thus far? How long must we give her to come back with at least evidence not those biased n racists investigation.
@leonardchauke2601 hi floyd, how u doing?
@@leonardchauke2601 What a waste of journalism, she's just useless
Nietzsche saw it when he said “sometimes people don’t like to hear the truth because they don’t want their illusions destroyed”.
What's the truth there though?
@@mosalethoba5267 the truth is that Julius isn’t any different from those he criticizes. He’s a beneficiary of stomach politics.
@@mosalethoba5267how much is Malema paying you to be here and comment? You think you are talking to uneducated people in the comments? Voetsak hond
@@Alex-ze2ii hond ke nywanammao . He's paying me millions if that's what makes you happy nxha nywanammae motho o banna
@@mosalethoba5267 no he’s not, you look dom enough that you do his work for free. Make sure your tannie keeps starving tief
Please arrest them right now 😢😢😢
Good on you guys your efforts will never be in vain.may God bless you all and keep you guys safe....
Well done to the Brave and Dedicated Investigators. Outstanding examples of moral fibre; seeking the truth. Exorcising Criminality 🎉🙏👍💪
It's crazy how normalised crime is among politicians and civil servants. These are the people who are meant to be chosen to prevent crime.
When are they going to be held accountable for robbing the old hard working people who lost their fund at the hands of the golden fingers
Now that's a good question. Courts want evidence not accusations.
@@TshepisoMagomane evidence is clear on paper.. have they sued Pauli yet? luckily som ppl cannot be bought lik julius.. a crook from his on point days.. u eff pawns can shout all u want , we know the truth.. problem is and luckily for your boys, npa is useless
Arrest them if they have committed a crime and stop making baseless accusation. This lady has been bought to destroy the EFF and she have failed and now she is bitter. Forget it you won't destroy a Black child. Only fools will listen to you.
You can ask that again. That merely tells u that u r praising nonsense which NPA can't entertain no matter how the racist wish. It'd never happen
@@dilochetty9332Oh! So NPA is useless now!!! Don't u think Pauli's investigation is misleading n racists? She can mislead her parents, brothers n sisters not the NPA.
Go to Euro-Forum and open a case, and leave our NPA alone.
History and ancestors and will never forgive Julius Malema and Floyd Shivambu.
I LOVE seeing a DM popping up on my feed. This is a great platform. Please add a join button so those of us who consume your content on this format can contribute to the invaluable work you guys do. Another brilliant watch. Thank you.
Exelant, keep up the good work, be blessed
Thank you for this story. This sets it all out quite clearly. EFF are guilty
great reporting
Pauli , i challenge you to ask the courts the very question WHY WERE JULIUS AND HIS MEN NEVER ARRESTED AND PUT INTO JAIL??? THE POLICE AND THE COURTS HAVE THIS ANSWER!!!!!
Thank you Pauli!!
Go kickass girl, salute to you
And Malema wants to make Shivambu minister of finance 😂😂😂,it would be worse then the Guptas
The jokes write themselves
Excellent. Play this on all billboards in SA for all to see and hear..
Lol the whole country knows man, it's like a broken record. Viva EFF viva 😊
@@TshepisoMagomaneso your fine with them stealing from your mother. Sies, have some morals
@Alex-ze2ii sis back at ya. Innocent until proven otherwise. Not by a journalist but by the courts of law.
U forgot to mention even on Dutch, Germany, Belgium n Australian newspapers n TVs.
We're S.Africans, we'll still vote Malema n EFF.
@@TshepisoMagomane are you dom, she bought receipts. Sad you will let some man take food out of your own tannies mouth.
*Malema and Shivambo stole from old people they must go to jail*
Pauli ons is lief vir jou! Jy is n waardevolle diamant in SA se kroon van opregtes xx
Well done Paulie and team. National treasures
Well done Pauli, you are a hero.
I hope Pauli van Wyk develops this energetic power to fully investigate Steinhoff, Rand Manupulation, 2010 stadium construction price fixing. Flux your muscles over this cases and elaborate more like you do with VBS, to South Africans what really happened and how much was robbed ❓
Bro!
So if that does happen what do you think will happen then. Do you think that these looters will who stole pensioners money will become a lesser crime, is that what you think. Shame on you man. It is disgraceful what these guys are alleged to have done. The whole bank is no more around. There is no smoke without a fire.
Passionately like she is giving us this report 😂
Diviation
Let gogos get justice
VBS was cleaned
@@GlenroseMakgorogo What came first?
Pauli. You are very thorough and precise in execution of your work. Well done !!! We need you !
No matter how many years she can report this, if she can't convince the NPA to arrest Malema and Floyd, her investigation n reporting would remain biased n racist.
Bank Robbers at the highest level of corruption. It really has put Bonnie and Clyde to shame.😊😅😂.
They are laughing behind closed doors cause they know they are untouchable.
Disgusting, shame on the Eff , that's like ribbing your own mother or father, how despicable
Love u Pauli,such a patriot citizen ❤🥰😍 im your new crush
What a fantastic and detailed account; thank you. Truter knew that this would all come out and, in exercising critical thinking skills, "went in" and is already on parole. I've no respect for this criminal but he certainly chose the better option.
He never went in, he was arrested and confessed to his criminalities he committed. My leaders has nothing to do with those crimes, if u don't believe it, go ask Mr Went In, he would tell u fokol.
This is very detailed facts .excellent work.
yet no evidence to link EFF deliberately stealing but racism work from a racist white journalist.
You're so gullible. Shows the extend of your intelligence.
What facts are you referring to??
The clowns has not presented any evidence
Time all the corrupt were brought to justice!🙏😡
finally they get it we've been waiting for yall to explain instead of yapping
They had explained. In detail. With diagrams too.
It simply required a lot of reading.
What a journalist. ❤
A missing accused is the ANC party itself. Provincial and national ANC treasurers were involved in soliciting funding for the ANC. There are evidence (state capture reports) of many other instances where the ANC received proceeds of crime and it should be charged.
I respect the thorough investigation done here. Well Done Ladies. Watching the elderly sleep outside, waiting for explanations, you can't tell me these people involved won't be held accountable.
As South African's we can't be loving people blindly just because they're good at calling other politicians out.
Thank you very much for this informative video. If all this is true.. Then this is really bad for EFF.
The vanguards of the poor and down trodden making sure the poor are poorer and worse off... by looting gogos pensions via vbs gratification... i mean "donations" for Gucci shoes and champagne... hai 👏🏾 x1
I keep praying that the truth will come out and J & F be held accountable..
Brilliant work, thank you DM.
racist work from a racist journalist.
@user-fh3oc5ij3s how is this racist? Please elaborate? Are you genuinely this dumb
@user-fh3oc5ij3s yes and u using TH-cam right now..who created TH-cam?
JUSTICE MUST PREVAIL, THEIR ASSETS MUST BE ATTACHED BY THE FOR FEATURE UNIT
Please do investigation about steinhof,and the land too
Well done on your investigation. We need this
we need this racist ivestigative journalism,what a joke
we need this racist ivestigative journalism,what a joke
@@HarwardMbonxa yes yes, we know u, attacked and use the racist card.. that doesnt work anymore.. facts work
@@dilochetty9332 Pretoria High school racism for example and where is your DA Basic education minister in this racism saga,I guess Black people cannot expects racists to condemn other racists.
@user-fh3oc5ij3s yes, u using a creation of white ppl right now. The racist 1 is you.. the mec and every1 is quick to hood press conferences over watsapp groups of school kids but they are far when kids die in pit toilets and pass rate is droped to 30%.. that is the legacy of the past 30 years.. add shacks to that legacy..
Still nothing new...
Wow ,corruption, bribery and patronage
A total disgrace. They all need to be jailed.
R20M received by your white racist DA from stgeinhoff,do a garden boy like you care about thisR400B Steinhoff scandal.
I wish you can also investigate Stellenbosch Mafia but then again we know they are off limit.
Lots of Everything For Free commentators below. Orange is the new Red 😀
Thank you. Now we know that the real reason why VBS collapsed. It was because municipalities withdraw all the monies at the same time
Pauli, well done! Please don’t lose heart and keep pushing with your questions as to when eff beneficiaries will have their day in court
If he says something under oath , law should take that into consideration
Please also report on Steinhoff and Phalaphala
Her reporting is one sided and pretty calculated
And Bushiri too.
Useless Malema you cannot steal the Gogos
This story is incredible and so disgusting. Where did the money go?
Ask again my sister. But I believe those arrested knows better than Pauli whose misleading investigation can't mislead the NPA but the haters
Well done Pauli and team, these thugs must go to jail. Stealing from old PEOPLE is a disgrace and a BIG SHAME.
😂😂😂Ayeye
Now the bank statements are available
keep dreami ng clown,EFF is here to stay and no racist journalist will succeed with EFF.
They need to be brought to justice well done for exposing the thieves
Good job and stay safe, it is not outside the realm of possibility that "creative means" to get revenge could be used by certain beret wearing individuals.
Excellent work and well done Pauli 👏...
brother the money we got it,we stole it😂🤡🤡🤡🤡🤡
Excellent work 👏 Pauli Van Wyk and Neesa Moodley. Wonderful reporting and enjoyed watching the vlog. I have read Daily Maverick for years but today was the first time I realised that you guys had a TH-cam page. I subscribed immediately. ❤
Birds of a feather flock together
They all must pay back the money and prosecuted
Wow!!! ❤ From KENYA. Excellent reporting. I hope Kenya doesn't get to SA level.. But we headed there real quick
criminal's ,send then to jail , they don't stand for honest citizens ,
I think the EFF admitted to receiving "donations", but now that the EFF knows it actually was VBS money, shouldnt it be paid back? Technically you can claim you didnt know the money was dirty and then pay it back, then everything should be fine right? because you cant keep the money with the new found knowledge that the donations were made in bad faith
They must be punished for the CRIME!
15 Years in jail!
R5 million an d R1 million per month to keep quiet about loan of R7 million Zuma owe VBS bank.
Of course they call it donations to sound innocent.
Mazzotti equals white monopoly capital?
@@corneliacoetz243Who dishes out donations of R16 million rands?
will the DA pay R20M it received fro R400B Steinhoff scandal?
What a disgrace, but will Julius and Floyd ever be arrested?
some pliticians are the biggest stealers in SA
Let her evidence tested in a court of law cause I doubt if it can stand,they should have arrested them after 6 years EFF didn't loot VBS.
I like that she says we and the fbi and worldwide investigative authority to turn beliefs into facts something common with manipulative reporting
Tx you for your bravery and persistence 😢😢😮😮😮😮❤❤❤
Such shameless crooks!! and they are suppose to be icons of there people.😂😂
The bank robbers.
Well done God bless you Pauli ! You deserve an amazing bonus and you can maybe get the money from eff too, especially floyd and red beret leader juju. Congratulations Pauli and Daily Maverick