‘ Madzonga, within his affidavit, states that he performed no problem. He says, he was within Vele, that’s distinctive from VBS. Their perform states something else entirely. The brand new fee isn’t fairly explained. Why spend an amount of R3 billion of tough-acquired money in an entity you have no reference to? So it took place within the points when the panel off VBS did not seek help from Vele. The fresh panel of your own second plus didn’t handle to assist VBS. None was older managers of Vele wanted recommendations.
As to the reasons visit the problems out-of increasing financing off R15 million in an effort to rescue an organization that was during the an overall economy?
This new unavoidable completion is that the improve out of R18 million so you’re able to VBS is a try into the Madzonga’s area to fund his tunes. Sadly, the destruction was done currently. R18 mil are not enough to solve the money crisis in VBS. For this reason the guy later on typed a message to VBS to help you get well new R15 billion presumably paid off toward VBS from the mistake.’
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