Mongameli Bobani was removed through a motion of no confidence on Thursday.
News24 reports UDM leader Bantu Holomisa has stated the Democratic Alliance and African National Congress have removed Bobani and that they would not challenge it.
Bantu Holomisa said President Ramaphosa's latest move to ask the Zondo commission to release his affidavit displayed panic.
On Monday, UDM leader Bantu Holomisa tweeted that he had been made aware of a Nexus Forensic Services report detailing how Matjila received a loan of R2.5 million from the bank.
Former Public Investment Corporation (PIC) CEO Dan Matjila has been accused by UDM leader Bantu Holomisa of receiving a R2.5 million loan from VBS Mutual Bank.
As former Public Investment Corporation (PIC) CEO Dan Matjila testifies at the Public Investment Corporation (PIC) commission which resumes on Tuesday, it's yet to be seen whether the commission will address the new allegations brought against Matjila by UDM leader Bantu Holomisa.
As former CEO Dan Matjila was testifying at the PIC Inquiry for the first time, UDM leader Bantu Holomisa took to Twitter to publish the new allegations against him.
Former CEO Dan Matjila’s term was marred by scandals and allegations of corruption at the PIC while the collapse of VBS bank was also under investigation.
Months of campaigning has brought them to today, South Africa's sixth democratic elections.
The United Democratic Movement (UDM)’s Bantu Holomisa said that a weaker African National Congress (ANC) would be good for democracy by allowing opposition parties to hold it to account.
United Democratic Movement (UDM) leader Bantu Holomisa has called on the Independent Electoral Commission and the Independent Communication Authority to ensure the media report ethically and fairly on the elections.
'South Africans demand free and fair elections. The world has their eyes on us. Investors are holding money at bay to see what happens.'
UDM leader Bantu Holomisa is addressing his supporters as part of the party's last election campaign drive.
UDM leader Bantu Holomisa has accused Lebashe and Harith General Partners of unduly benefiting from the Public Investment Corporation (PIC).
Tshepo Mahloele on Tuesday responded to claims made by UDM leader Bantu Holomisa who testified at the PIC inquiry.
The UDM leader on Monday was cross-examined at the PIC inquiry by Lebashe’s lawyer who has accused him of defaming his clients of corruption and wrongdoing without evidence.
UDM leader Bantu Holomisa returns to the PIC inquiry where he continues giving testimony on the claims of impropriety at the Public Investment Corporation.
UDM leader Bantu Holomisa was cross-examined on Wednesday on claims that Lebashe Investment Group unlawfully received money from the Public Investment Corporation.
