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The Great VBS Heist: Former ANCYL Limpopo leader’s R35.4m spending list exposed

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By Pauli van Wyk

Newly leaked VBS Mutual Bank statements allow a peek into VBS fixer and former ANCYL Limpopo leader Kabelo Matsepe’s dodgy riches: R35.4m allegedly stolen from vulnerable Limpopo depositors and municipalities via VBS bought him a Range Rover, a property in Centurion and saw millions channelled towards his company. Matsepe’s latest brazen move – claiming an additional R21.6-million in ‘commissions’ as a bank’s creditor – shows that the VBS fight for justice is far from over.

 

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