Floyd Shivambu quits the EFF to join MK Party

Floyd Shivambu dropped a bombshell on Thursday, confirming that he has resigned from the Economic Freedom Fighters (EFF) to join former South African president Jacob Zuma’s MK Party.

Shivambu, flanked by Julius Malema and other EFF leaders, read out his resignation letter and confirmed that he would be joining MK Party.

Highly placed sources confirmed to IOL that Shivambu wanted to be released from his duties.

However, according to these sources, Shivambu wants EFF leader Malema, to accept the decision.

It is said that difficulties, including the VBS scandal, have shaken the EFF in the wake of the May general elections where the party was unable to grow its support.An “urgent press conference” with party officials is scheduled for Thursday, where the EFF will announce the “radical leadership changes”, according to the sources.

Malema and Shivambu have been in the media spotlight following claims that they financially benefited from the VBS mutual bank scandal.The two have been accused of corruption, fraud and money laundering.

This comes after the bank’s chair, Tshifhiwa Matodzi, alleged that Malema and Shivambu were implicated in accepting illegal benefits from the bank.

Matodzi pleaded guilty to 33 charges, including corruption, theft and money laundering. He stated that the EFF has received monthly donations and a so-called business loan of millions of rands from the bank since 2017 through the front company, Sgameka Projects.

According to Matodzi’s allegations, the EFF received the money as a bribe, with Malema and Shivambu in particular benefiting personally.
Many low-income depositors in Limpopo were affected when more than R2 billion was taken from VBS. – IOL Politics