Kaunda Selisho

By Kaunda Selisho


#VBSBankHeist – South Africans react to allegations levelled against Dudu Myeni

The chairperson of the Jacob Zuma Foundation has been listed among those involved in the VBS Bank saga.

The embattled VBS Bank has been the talk of the town over the past few days after a probe found that R1.9 billion had been looted from the bank and at least 53 people and companies may have benefitted from said looting.

Among those beneficiaries is Brian Shivambu, the brother of EFF deputy Floyd Shivambu, who has brought some serious attention to the EFF.

Another one of the beneficiaries at the centre of the public’s attention is former South African Airways (SAA) board chairperson Dudu Myeni who was ousted last year, having served on the board of the unprofitable airline in various capacities since 2009.

This is because a 139-page report, titled “The Great Bank Heist” compiled by investigator Terry Motau, revealed that the former chief executive officer of VBS Andile Ramavhunga said he oversaw the payment of R1.5 million to what he called the Dudu Myeni Foundation in order to secure a R1 billion deposit from a state-owned rail agency.

Bloomberg reports that the Dudu Myeni Foundation does not exist and that Ramavhunga may instead be referring to Zuma’s own foundation, which is chaired by Myeni.

A statement allegedly made by Myeni in reference to these revelations has been shared on Twitter with no confirmation of its authenticity or origin.

Many have since taken to the timeline to share their thoughts on Myeni’s involvement after she was named among those involved in the looting of the bank.



Apart from the unattributed quote above, Myeni has yet to respond to the report.

WATCH: Mpofu’s flippant response to VBS allegations

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