13 March 2021
The South African Communist Party (SACP) in Limpopo Province has learnt of the arrest and appearance in Palmridge Court of seven additional people in relation to the collapse of the VBS bank. We welcome these latest developments and call for a speedy justice system in this regard.
The deliberate and manufactured collapse of the people's bank, the VBS, was an act of gargantuan calamity for the working class and poor, particularly in the Vhembe region. Many old aged and sick depositors of burial societies, stokvels, megodisano, and personal savings have already died as a result of stress and depression caused by loss of their life savings. The collapse of the VBS bank also caused the assassination of our comrades and brothers in arms in Vhembe Region, Comrades Tshililo Timson Musetho and Ronald Mani.
We call upon the state to do all it can to recoup the money of the ordinary depositors from everyone found responsible for the destruction of the people's bank. We also call on our ally, the ANC, to implement its own Conference resolutions and ensure that those who are holding political positions immediately and urgently step aside in order not to damage the people's movement by their actions.
Issued by SACP Limpopo
Contacts:
Goodman Mitileni
SACP Limpopo Provincial Secretary
Mobile: 082 740 6936,
Tel: 015 297 8128
Email: mitileniw@icloud.com
Machike Thobejane
SACP Limpopo Provincial Spokesperson
Mobile: 082307 0095
Tel: 015 2978128
Email: machikesacp@gmail.com
ISSUED BY THE SOUTH AFRICAN COMMUNIST PARTY | SACP
EST. 1921 AS THE COMMUNIST PARTY OF SOUTH AFRICA | CPSA
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