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national african federated chamber of commerce and industrylatest news & developments
Out of business: Apiwe Nxusani-Mawela of Brewsters Craft, an agro-processing and beverage manufacturing company that shut down after the Covid-19 pandemic. Photo: Supplied
APIWE NXUSANI MAWELA

IDC under scrutiny as entrepreneurs detail liquidation fallout

An entrepreneur has accused the Industrial Development Corporation of rigid recovery practices that ignore the impact of Covid-19, as calls grow for an inquiry into its treatment…

  • Brian Sokutu
12 min read
Comrades in arms: (from left) Stanley Mathabatha, Florence Radzilani, Soviet Lekganyane, Bishop Israel Makamu and Daniel Msiza during the ANC’s Limpopo provincial conference in June 2018 in Polokwane. The party has reinstated Radzilani and Msiza, who are among the people implicated in the looting of VBS Mutual Bank. (Photo: Antonio Muchave/Gallo Images/Sowetan)
AFRICAN NATIONAL CONGRESS

VBS looting haunts the ANC in Limpopo

The ANC is facing a revolt over the looting of VBS bank, which took money from poor communities, with warnings of electoral consequences in 2021 local elections

  • Thanduxolo Jika
  • Mail Guardian Correspondent
7 min read