On Thursday, the boss of the defunct VBS Mutual Bank, Madambi Muvhulawa, was questioned on the saga that is currently at the cusp of every South African’s lip right now, at a radio interview in Limpopo.

It appears that Muvhulawa is on a campaign drive to fight against the closure of the bank. In his own way, he believes that the bank has the capacity to remain operational and make revenue as well.

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Muvhulawa: ‘Jacob Zuma is on par with his loan repayment’

When he was questioned about the loan former president Jacob Zuma had made, Muvhulawa assured the listeners that the man had indeed been making his payments on time.

“I know about [the Jacob Zuma loan]. He did not appear on that list… That loan is being paid, it was done in accordance with the rules and the rules are still being followed now. He is paying back with interest”, Muvhulawa stated.

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He also attempted to clarify the part in ‘The Great Bank Heist‘, a report compiled by Advocate Terry Motau, where it is stated that R1-million was suspiciously transferred to the Jacob G Zuma Foundation.

The Citizen reported that

In it, Advocate Terry Motau tears into the 53 people, including politicians, officials and independent professionals implicated in R2-billion worth of irregular transactions. The documents also alludes to an amount of R1-million from the bank which was destined for the Jacob G Zuma Foundation. A passage in the report details the testimony of VBS chief executive Andile Ramavhunga and his mention of a ‘Dudu Myeni Foundation’. Motau expressed his belief that, since Myeni did not have a foundation and was chairperson of the Jacob G Zuma Foundation, Ramavhunga was, in fact, reffering to the latter.

Muvhulawa had an explanation for this, which made little sense to those who read through the report.