Justice Minister Thembi Simelane has submitted a report to President Cyril Ramaphosa regarding a loan she received from Gundo Wealth Solutions, a company involved in the VBS Mutual Bank scandal. The President will review the report and make a decision on the matter privately.
Simelane, who was mayor of Polokwane at the time of the loan, claimed she had no knowledge of Gundo’s connection to VBS collapse. She emphasized the challenges faced by African entrepreneurs in obtaining loans and starting businesses. Despite controversy, she stated that she repaid the loan taken for a coffee shop venture.
Various political parties and organizations have called for Simelane’s dismissal due to her role in the National Prosecuting Authority’s efforts against VBS looters. The Sunday Times reported that Gundo was not a registered financial services provider, adding to the scrutiny surrounding the issue.
Simelane’s situation raises concerns about transparency and integrity within the government. As the investigation continues, the public awaits President Ramaphosa’s decision on the matter.
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