Media Advisory
Minister Simelane reaffirms commitment to transparency and accountability on VBS matter
6 September 2024
The Ministry of Justice and Constitutional Development confirms that Minister Thembi Simelane appeared before the Portfolio Committee on Justice and Constitutional Development today, 06 September 2024, to address concerns related to VBS Mutual Bank.
Minister Simelane remains steadfast in her commitment to ethical governance and transparency. She has consistently subjected herself to public scrutiny and reaffirms her dedication to accountability.
During her appearance, Minister Simelane clarified that she is not involved in prosecutorial decisions made by the National Prosecuting Authority (NPA). Decisions regarding prosecutions are independently handled by the NPA and the Minister’s role does not extend to this process. Her appearance before the Committee underscored her readiness to cooperate fully with any process seeking clarity on this matter.
The Minister highlighted her proactive measures, including instructing the withdrawal of municipal funds from VBS two months prior to the National Treasury’s advisory on investment irregularities. She also noted that the services of Gundo Wealth Solutions, used in this process, were provided at no cost to the municipality. No payments were made to Gundo Wealth Solutions, and Minister Simelane asserts that she received no improper benefits, with no conflict of interest involved.
Minister Simelane firmly denies any allegations of wrongdoing and is committed to cooperating fully with all inquiries. She has repaid the capital investment in three instalments from her personal FNB account, including over R250,000 in interest. The Minister has assured the portfolio committee of the existence of proof of payment.
Minister Simelane is scheduled to meet President Cyril Ramaphosa on a date to be announced to provide further details on the issue.
Enquiries:
Mr. Tsekiso Machike
Spokesperson: Ministry of Justice and Constitutional Development
078 237 3900
Issued by the Ministry of Justice and Constitutional Development
