Brian Shivambu must pay R1.8m to VBS liquidators, court orders

- | 5 months ago

The Gauteng High Court in Johannesburg has ordered Brian Shivambu, the brother of the EFF's Floyd Shivambu, to pay R1.

78m to VBS Mutual Bank's liquidators.  According to the Mail & Guardian, the order relates to an application Anoosh Rooplal, the liquidator of the now defunct mutual bank, lodged as part of efforts to recover R2.

7m that was part of a R4m loan granted to Shivambu's company, Sgameka Projects, in late 2017.

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