ANC received R2 million ‘donation’ from looted VBS Mutual Bank

ANC received R2 million ‘donation’ from looted VBS Mutual Bank

- The ANC is accused of also profiting from the looting of the now bankrupt VBS Mutual Bank

- According to reports, the ANC received a R2 million donation from the bank in 2016

- The ANC says it will pay back the money if the allegations are proven to be true

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Two years ago, the African National Congress received a cool R2 million 'donation' from the VBS Mutual Bank - the very bank that was looted to bankruptcy.

This generous 'donation' was made during the ANC's local election campaign.

A report by TimesLIVE indicates that the former ANC treasurer-general Zweli Mkhize asked for the donation.

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This comes at a time when the ruling party is doing its best to distance itself from the scandalous looting of the bank.

Pule Mabe, spokesperson for the ANC, stated that there is no record of the donation but a probe into the allegations has been launched.

The ANC has undertaken to pay back the R250 000 paid by the bank for a table the party's gala dinner on the 8th of January.

It will also pay back the R2 million if the allegations are proven to be true.

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Mkhize admitted that he was invited to the bank's offices to meet with executives but denies any deals being made or donations being discussed.

If other funds were exchanged with VBS in the name of the ANC while I was still the treasurer-general of the organisation, I am quite keen for this to be disclosed in full so we can expose such scams publicly.

This accusation comes after the ANC so loudly chanted "Pay back the money" at the EFF during the National Assembly on the 23rd of October. reported that when Floyd Shivambu took to the podium during the assembly, he was treated to a familiar chant as MPs chanted "Pay back the money" much as the EFF did back when Zuma was still around.

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