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Tito Mboweni's attempt to promote 'VBS-linked' restaurant backfires

15 January 2020 - 09:45 By Unathi Nkanjeni
Finance minister Tito Mboweni.
Finance minister Tito Mboweni.
Image: Esa Alexander

Tito Mboweni's attempt to promote a restaurant owned by EFF leader Julius Malema’s cousin has backfired, sparking a debate that he was “promoting VBS”.

The finance minister shared pictures of the restaurant on Vilakazi Street, Soweto, and said: “There is a new restaurant on Vilakazi Street. Check it out next time.”

In another tweet, he shared a paparazzi moment: “In Soweto, one always meets friendly people. Mr Vuyo Mabindela and colleagues of Vuyo’s Funeral Parlor.”

The restaurant, SUD, is managed by Tsholo Malema. It was allegedly funded by the now liquidated VBS Mutual Bank, Sunday Times reported in November.

According to the report, Malema allegedly used two trust funds and an account belonging to the upmarket Soweto restaurant to channel money from the bank. 

Reacting to Mboweni's posts, many criticised him, saying it was “strange” that he did not know who owned SUD.

Here is a snapshot of the reactions: