South African MP Alleges R10m Bribe Offer Amid Banking Sector Clearance in Currency Case
MKP MP Vusi Shongwe claims businessman Feroz Khan offered him R10m to derail a parliamentary probe, while South African banks were cleared by the Constitutional Court in a separate currency manipulation case.
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South African political and legal spheres are grappling with fresh corruption allegations as MKP MP Vusi Shongwe claims businessman Feroz Khan offered him a R10 million bribe, according to Sowetan Live and Timeslive. Shongwe alleges the money was intended to halt a parliamentary investigation into Khan and to obtain information to damage the reputation of KwaZulu-Natal police commissioner Lt-Gen Nhlanhla Mkhwanazi.
The allegations emerged on June 30, 2026, and center on claims of interference in official proceedings. Shongwe did not disclose further details about the proposed exchange, but the offer, if proven, could trigger a formal inquiry into attempted obstruction of justice. Both Sowetan Live and Timeslive report identical details of the alleged bribe, citing Shongwe’s public statements.
On the same day, a separate legal matter concluded with the Constitutional Court clearing Standard Bank, Nedbank, and First Rand of involvement in currency manipulation, Sowetan Live reported. The judgment dismissed allegations that the banks conspired to influence the value of the rand, marking a significant outcome for South Africa’s financial sector. No further penalties or findings were issued against the institutions.
The juxtaposition of the bribery claim and the court’s bank clearance underscores ongoing scrutiny of public and private conduct in South Africa. While the banks were exonerated in the currency case, Shongwe’s allegations place renewed focus on accountability within political and law enforcement circles. Authorities have not yet confirmed whether a formal investigation into the bribe claim will be launched.