The List of people implicated in the VBS Scandal

Johannesburg- The Democratic Alliance will be laying criminal charges against the individuals implicated in the VBS scandal, who syphoned over R2 billion in a space of eighteen months from the bank

DA Shadow Minister of Cooperative Governance and Traditional Affairs, Kevin Mileham MP, and the DA National Spokesperson, Solly Malatsi MP said the individuals in the list below have close political ties with the ANC and the EFF and have no doubt use that shamelessly to abuse their political connections to steal from the poor.

In a statement the DA said, “The VBS scandal has already put numerous municipalities at risk of losing revenue. Worst of all this heist has left countless poor South Africans stranded as they struggle to gain access to their life-savings.”

Advocated Terry Motau released a damning report on Wednesday called “VBS Mutual Bank – The Great Bank Heist”, the report named more than 50 people implicated in the looting of the bank and recommended criminal charges to be laid against them.


1. Vele and its associates + R936 million

2 Tshifhiwa Matodzi = R325 million.

3 Free State Development Corporation = R104 million.

4 Kabelo Matsepe = R35 million.

5 Sipho Malaba= R34 million.

6 Phophi Mukhodobwane R30 million.

.7 Paul Makhavu = R30 million

8 Robert Madzonga = R30 million.

9 Andile Ramavhunga = R28 million.

10 Solly Maposa = R24 million

11 Ralliom Razwinane = R24 million.

12 Firmanox = R17.4 million

13 The Venda king, Toni Mphephu = R17.7 million.

14 Ndivhuwo Khangale = R16.8 million.

15 Sechaba Serote = R16.6 million.

16 Ernest Nesane = R16.6 million

17 Brian Shivambu = R16 million

18 Foxburgh = R15 million.

19 Paul Magula =  R14.8 million.

20 Charl Cilliers = R12.6 million

21 Tiisang Private Capital = R12 million.

22 Maanda Manyatshe = R11 million.

.23 Sasa Nemabubuni = R9 million.

24 Sabicorp = R8 million.

25 Avashoni Ramikosi = R5.9 million.

26 Takalani Mmbi = R4 million.

27 Phillip Tshililo = R2 million.

Photo credit- DispatchLIVE

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