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Claims that ANC politicians are behind Vavi's Standard Bank woes
Daily News
|June 25, 2025
Sources close to South African Federation of Trade Unions (Saftu) General Secretary Zwelinzima Vavi have alleged that ANC politicians are targeting him through Standard Bank.
The allegations stem from the bank's failed attempt to foreclose on Vavi's Sandton home, despite him consistently paying off arrears on his home loan.
According to insiders, Vavi's vocal criticism of the ANC, particularly regarding corruption and policy direction, has made him a target.
"Vavi has been too critical of the ANC in recent years and was outspoken about President Cyril Ramaphosa's Phala Phala scandal... He has also been critical of the corruption that has been taking place within the ANC in recent years, making him a target," a source revealed.
The High Court in Johannesburg, last week, ruled in favour of Vavi, dismissing Standard Bank's bid to foreclose on his home.
Judge Stuart Wilson slammed the bank for its "disproportionate" attempt, stating that Vavi had shown "an apparently perfect adherence" to paying his monthly installments.
The judge also criticised the bank for demanding over R160,000 in legal costs, almost double the outstanding arrears.
Vavi's history with the ANC and Cosatu has been marked by controversy and criticism. He was previously fired from Cosatu due to escalating tensions and disagreements with the federation's leadership.
His criticism of the ANC's corruption and policy direction further strained his relationship with the party.
ANC spokesperson Mahlengi Bhengu did not respond to questions sent to her.
This story is from the June 25, 2025 edition of Daily News.
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