Former EFF chair, Dali Mpofu, has confirmed that the party received funding from the bankrupt VBS Bank. The revelations emerged from an affidavit written by the exchair of VBS Mutual Bank and Vele Investments, Tshifhiwa Matodzi, who suggested that VBS contribute R5 million and an additional R1 million monthly to the EFF. Mpofu admitted that the party had received funds from the failed bank, but claimed that the information was already in the public domain. The impact of the disclosure on both the EFF and VBS’s reputation remains uncertain.
