- After a report claimed he had admitted to using VBS funding for his Range Rover Floyd Shivambu has denied the allegations
- The EFF deputy president shared screenshots of a conversation with the journalist who penned the report
- Shivambu says that the advantage of social media is being able to respond to situations like his in a flash
Floyd Shivambu says he never admitted to using VBS funds to pay the shortfall for his Range Rover Sport.
Briefly.co.za reported that the Red Beret had clapped back at the Mail & Guardian report that claimed he had come clean.
In a social media post, Floyd Shivambu shared his confrontation with Sabelo Skiti over the matter, where he can be seen denying to have ever admitted ties to the now-defunct bank.
The journalist, on the other hand, insists that Shivambu is backtracking on earlier comments:
"Haska Floyd! Asingobantwana. Again, where did the article say YOU personally took money from VBS? I asked you about a R680K payment from Sgameka - which got money stolen from the poor in VBS and got a loan fraudulently - and you admitted it was the shortfall for new car."
Shivambu seems unfazed saying that an advantage to social media is being able to respond to allegations immediately:
"The advantages of social media is that we all have an opportunity to promptly rebuff nonsensical allegations written by sponsored & conflicted newspapers. In the bygone era, we were going to wait for the next Friday Mail & Guardian to expose their lies. They too have the space!"
The report had claimed his brother, Brian Shivambu, had paid R680 000 towards the vehicle from his company account which had received loans from VBS Mutual Bank.
Brian had paid the amount in exchange for a BMW he had allegedly bought from Floyd at an earlier date.
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