Bantu Holomisa rubbishes Dan Matjila’s denial that he got VBS Mutual Bank money

Bantu Holomisa on Radio702. Picture: @Radio702/Twitter

Dan Matjila, the former CEO of the Public Investment Corporation (PIC), got a R2.5 million personal loan from VBS Mutual Bank that he didn’t declare, alleges United Democratic Movement (UDM) President Bantu Holomisa.

…Advocate Terry Motau’s report revealed that a cash sum of R5 million was apparently ‘stolen’ from VBS Mutual Bank, allegedly to bribe Dr Matjila to obtain his cooperation in facilitating the funding of VBS Mutual Banks’ requirements by the PIC. Famously, the money was reportedly carried by helicopter from Makhado to Lanseria Airport…

Bantu Holomisa, President - United Democratic Movement

… one could argue that Dr Matjila had personally benefited from nearly R7.5 million of VBS Mutual Bank money…

Bantu Holomisa, President - United Democratic Movement

The term of Dr Matjila’s loan is alleged to be a 30-year period…

Bantu Holomisa, President - United Democratic Movement

Arabile Gumede (in for The Money Show’s Bruce Whitfield) interviewed Holomisa and EWN reporter Kgomotso Modise.

They discussed Tuesday’s proceedings at the PIC Inquiry in which Matjila claimed he was removed because he stood up to politically connected people.

He denied Holomisa’s allegations.

Listen to the interviews in the audio below (and scroll down for quotes from it).

You’re misleading your audience… It’s already there! Just go and Google it… their denial is not cast in stone. There are so many people who denied… once such a person is Zuma himself… The report is there!

Bantu Holomisa, President - United Democratic Movement

I find it strange that Advocate Terry Motau would not take up this loan… Terry Motau pointed fingers to two PIC directors… Why was he [Matjila] left behind?

Bantu Holomisa, President - United Democratic Movement

Mr Matjila… if it’s true it means he has lied to the country…

Bantu Holomisa, President - United Democratic Movement

A confident Dan Matjila graced the seat… he wasn’t stuttering…

Kgomotso Modise, reporter - EWN

…speaking about the hand that politics have in the PIC… questions about why that is… and if it should stay that way… the hand of government sometimes jeopardises its [PIC] position…

Kgomotso Modise, reporter - EWN

The ultimate overseer is the Finance Minister… We had different Finance Ministers coming in…

Kgomotso Modise, reporter - EWN

Tomorrow… he’s going to go into each of the deals individually… Steinhoff… VBS Mutual Bank… and the infamous Ayo Technology deal…

Kgomotso Modise, reporter - EWN

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
3 best shares to buy, right now (by Sasfin Securities)

3 best shares to buy, right now (by Sasfin Securities)

Arabile Gumede asks Nesan Nair (stockbroker and portfolio manager at Sasfin Securities) for his stock picks of the week.

Peter Moyo is lying, purposely diverting attention from own actions – Old Mutual

Peter Moyo is lying, purposely diverting attention from own actions – Old Mutual

Arabile Gumede interviews Vikeshni Vandayar of the Governance and Corporate Services at Institute of Directors in Southern Africa.

Dan Matjila received a R2.5m personal loan from VBS Mutual Bank - Bantu Holomisa

Dan Matjila received a R2.5m personal loan from VBS Mutual Bank - Bantu Holomisa

Arabile Gumede interviews Warren Thompson, a financial journalist at Business Day.

'Ungratefulness... we’ve already made mistakes teaching our kids about money'

'Ungratefulness... we’ve already made mistakes teaching our kids about money'

Heinz Winckler - the 1st winner of SA Idols - discusses his attitude toward money (hopes and fears, successes and failures, etc.).

DStv and Standard Bank team up – and fail spectacularly

DStv and Standard Bank team up – and fail spectacularly

The two companies are running a 40-second advertisement. Branding expert Andy Rice is not impressed.

Sexy Socks says Woolworths copied. But do they look the same? You be the judge

Sexy Socks says Woolworths copied. But do they look the same? You be the judge

Bruce Whitfield interviews Sexy Socks founder Dave Hutchison and Andrew Papadopoulos, a trademark attorney at KISCH IP.

Popular articles
Open day season: How to choose the best school for your child

Open day season: How to choose the best school for your child

Parenting expert Nikki Bush has valuable pointers on what to keep in mind when matching your child to a school.

Zuma returns from Cuba, addresses 'hundreds' of supporters

Zuma returns from Cuba, addresses 'hundreds' of supporters

Former president Jacob Zuma arrived at OR Tambo International where supporters waited to give him a hero's welcome.

[WATCH LIVE] Joseph Shabalala's funeral service underway in Ladysmith

[WATCH LIVE] Joseph Shabalala's funeral service underway in Ladysmith

The music icon and Ladysmith Black Mambazo founder is being laid to rest in his home town in KwaZulu-Natal.

Load shedding to be suspended at 5pm, resumes on Sunday

Load shedding to be suspended at 5pm, resumes on Sunday

Eskom says 'improved generation system performance' will allow it to suspend load shedding at 5pm on Saturday.

[WATCH] Ndlovu Youth Choir's moving 'Homeless' tribute to Joseph Shabalala

[WATCH] Ndlovu Youth Choir's moving 'Homeless' tribute to Joseph Shabalala

The Ladysmith Black Mambazo founder will be laid to rest in Ladysmith on Saturday.

'High possibility' of load shedding continuing throughout Sunday

'High possibility' of load shedding continuing throughout Sunday

Stage 2 power cuts are scheduled until 6 am on Sunday, but Eskom says this could be extended.

 'When languages are being let go of in favour of English, we lose identity'

'When languages are being let go of in favour of English, we lose identity'

Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.

'There is a stated commitment to deal with TRC cases but it's taking too long'

'There is a stated commitment to deal with TRC cases but it's taking too long'

Former commissioner Yasmin Sooka says it has been a 16-year battle trying to get the NPA to prosecute TRC-related cases.

We have invested heavily in driver and passenger safety - Uber

We have invested heavily in driver and passenger safety - Uber

Uber Sub-Saharan Africa general manager Alon Lit says their prices have not changed drastically since 2013.

 Tegeta's R3.7-billion coal supply contract with Eskom set aside

Tegeta's R3.7-billion coal supply contract with Eskom set aside

SIU spokesperson Kaizer Kganyago says the court has given the unit the green light to institute legal action against the company.