Local municipality in Limpopo that illegally deposited ~R123M with VBS Mutual Bank. CFO Eddie Makamu convicted November 2024 under MFMA — sentenced to 5 years suspended plus R150,000 fine.
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Municipality
Collins Chabane LM
R2.0 billion
total financial exposure
Local municipality in Limpopo that illegally deposited ~R123M with VBS Mutual Bank. CFO Eddie Makamu convicted November 2024 under MFMA — sentenced to 5 years suspended plus R150,000 fine.