Floyd Shivambu's Range Rover Sport bought with R680k top-up from VBS Mutual Bank - report

dispatchlive.co.za

- dispatchlive.co.za | 3 weeks ago

EFF deputy leader Floyd Shivambu has conceded that money from VBS Mutual Bank partially financed his Range Rover Sport but says the money is clean.

The Mail & Guardian reported on Friday that a company run by his brother Brian, Sgameka Projects, paid R680,000 to a dealership in Sandton where Floyd traded in his previous Range Rover for a new model. The payment was to cover the trade-in shortfall.

Shivambu told the publication that the money was clean, because his brother had repaid two VBS loans of more than R4m.

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