The South African head of state is accused by his country’s press of having been made aware of the irregularities of the VBS Mutual since 2017 and of having done nothing to stop the bleeding. Vice-president of the African National Congress (ANC, party in power in South Africa) at the time of the facts, Cyril Ramaphosa would have closed his eyes to defend his private interests. The case makes a lot of noise.
One of the first billionaires of the post-Apartheid era, now propelled to the helm of the country, vehemently denies. If his name does not appear in the list of 50 personalities who have fraudulently emptied the VBS Mutual of the equivalent of 110 million euros (72 billion CFA francs), Cyriel Ramaphosa sees, with these revelations, the beginning of a long controversy that the opposition will exploit to satiety.
“These allegations are unfounded,” responded the presidency Monday, “the South Africans should not be fooled by those who want to exonerate themselves of their responsibilities.” Charges that will probably weigh in the general elections of April and May 2019.
Note that the former South African President, Jacob Zuma, is accused of having benefited from a generous loan in the context of this scandal VBS Mutual, a bank placed in receivership since March 2018.
