Brian Shivambu has signed an acknowledgement of debt of R4.55 million, according to a report by the Daily Maverick, effectively admitting he was paid by Vele Investments for no reason.
Shivambu’s attorneys reportedly insisted on secrecy clause as part of the contract signed on 23 March 2020. The contract reportedly states “there is no underlying basis for the payment” and that he will repay Vele Investments more than R4.5 million.