After he was roped into the controversial VBS Mutual Bank scandal, Shivambu, has been reported to be involved in yet in another massive scandal with a controversial businessman who is being investigated for his role in alleged impropriety at the Public Investment Corporation (PIC).
This is certainly not an easy period for Floyd Shivambu and the entire EFF leadership.
With a frantic effort to carru out damage control regarding the initial VBS Mutual Bank scandal, the fresh scandal linking the EFF number two, could further endanger and escalate the crisis.
Already there are clear indications that the said accounts used in the transactions have been linked to Shivambu and his brother Brian.
With the pressure mounting from different parts of the country, the EFF president Julius Malema, on Thursday night,tweeted, “the enemy is attacking” in what appeared to be a reference to media reports implicating his deputy after the South African Reserve Bank released a report on VBS Mutual Bank, titled The Great Bank Heist, on Wednesday.