EFF defends R32 million for elective conference: Not VBS money

EFF defends R32 million for elective conference: Not VBS money

- The EFF has spent almost R32 million on its second elective conference to appoint leadership

- However, the party has denied using VBS Mutual Bank funding for the affair

- Treasurer-general Leigh-Ann Mathys says the funds came from both the party and its statutory bodies

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The Economic Freedom Fighters have forked over R32 million for its second elective conference which is taking place this weekend.

Commenting on how the Red Berets secured the hefty sum, treasurer-general Leigh-Ann Mathys assured the public that VBS funding had not been used.

BusinessLIVE reports that both leader Julius Malema and his deputy Floyd Shivambu have endured countless allegations of involvement in the saga that saw poor citizens losing their funds.

Nevertheless, Mathys insists that the assembly had been 'fairly self-funded' by the party itself.

Briefly.co.za reported that VBS Mutual Bank had been placed under liquidation last year, with a forensic probe revealing R2 billion had been stolen.

READ ALSO: More VBS allegations against EFF: Malema denies claims of wrongdoing

Mathys insists that the money used for the conference had come from the income paid out by the IEC:

“We have money. We have managed the money extremely well and we planned very well because we knew that this conference was coming and it was going to be very costly."

Mathys says that delegates were given 'VIP treatment', with transport and hiring the NASREC centre proving the greatest expenses.

While it is predicted that both Malema and Shivambu will hang onto their posts in the EFF, changes in the upper tiers of the party are expected.

The announcement as to who managed to make the cut for Red Beret leadership is expected to be made on Sunday following the conference.

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Source: Briefly.co.za

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