South Africa justice minister denies corruption in mutual bank scandal

In Johannesburg, South Africa, Justice Minister Thembi Simelane has faced serious corruption allegations linked to a mutual bank scandal that resulted in significant financial losses for thousands of retirees. Investigations revealed that funds from the bank were misappropriated for luxury purchases and political donations. Simelane, who was appointed in June after the African National Congress lost its majority, is accused of receiving a questionable loan for a coffee shop from a company involved in illicit investments. She has denied any wrongdoing, asserting that the loan was legitimate and repaid with interest. Calls for her removal have intensified, particularly as she oversees the National Prosecuting Authority, which is handling corruption cases related to the bank's collapse. President Cyril Ramaphosa has been under pressure from opposition parties and civil society to take action against Simelane. He has requested an official response from her regarding the allegations, emphasizing that the matter will be thoroughly investigated and not ignored. The scandal has already led to convictions of several individuals involved in the bank's looting, including former chairman Tshifiwa Matodzi, who received a 15-year prison sentence after cooperating with authorities. His testimony revealed the extent of the corruption, including financial contributions to political parties. As investigations continue, the implications of this scandal extend beyond individual accountability, raising questions about governance and the integrity of public officials in South Africa. The outcome of these proceedings could significantly impact public trust in the government and its commitment to combating corruption.