Floyd Shivambu, the Economic Freedom Fighters’ (EFF) deputy president, has resigned from the party.
Highly placed sources revealed that Shivambu has relieved of his duties.
However, according to these sources, Shivambu wants the EFF’s leader, Julius Malema, to accept the decision.
It is claimed that issues, notably the VBS scandal, have rattled the EFF in the aftermath of the May general elections, in which the party was unable to increase its support.
An “urgent press conference” with party officials was set on Thursday.
This is where the EFF will announce the “radical leadership changes”, according to the sources.
♦️Happening Today♦️
Media Invited To An Urgent EFF Press Conference Today#EFFPresser pic.twitter.com/jEgS43oR8i
— Economic Freedom Fighters (@EFFSouthAfrica) August 15, 2024
Economic Freedom Fighters (EFF) leaders Julius Malema and Floyd Shivambu have been in the media spotlight following allegations that they profited financially from the VBS mutual bank scandal.
The two are accused of corruption, fraud, and money laundering.
This comes after Tshifhiwa Matodzi, the bank’s chair, said Malema and Shivambu were involved in taking unlawful bank advantages.
Matodzi pleaded convicted to 33 counts, including corruption, theft, and money laundering. He said that the EFF has received monthly donations and a so-called business loan of millions of rands from the bank since 2017 via a front company called Sgameka Projects.
According to Matodzi’s charges, the EFF accepted the money as a bribe, with Malema and Shivambu particularly benefiting personally.
Many low-income Limpopo depositors were impacted when more than R2 billion was plundered from VBS.
