Municipal official who invested R50m council funds in VBS to turn state witness

Pretoria – A Merafong Local Municipality official, Thys Wienekus, who allegedly invested R50 million of municipal funds with VBS Mutual Bank, is still set to turn state witness against a former official who allegedly coerced him to invest the funds.

Wienekus was due to give the details in the Pretoria Special Commercial Crimes Court but has yet to reach an agreement with the National Prosecuting Authority (NPA) for an appropriate sentence for him in exchange for his testimony.

He made a brief appearance in the commercial crimes court but the case against him was postponed until December 9.

NPA spokesperson Sipho Ngwema confirmed the reasons for the postponement, saying it was for the finalisation of a plea agreement between the two parties.

Wienekus was initially charged on June 25 with contravening the Municipal Finance Management Act (MFMA).