The Corporation said the R104 million it received from the bank was a return on its initial investment of R100 million to the bank, which it made last year in June. This is according to Chairperson of the FDC's board, Hantsi Matseke, who told OFM News that the almost R4.5 million was the corporation's return on the investment it made last year. 

Matseke did not divulge matters pertaining to what the interest on this investment was as well as whether it was made in one lump sum investment or a series of investments. She, however, insists that the investment is reflected in the Corporation's 2017/18 annual report.

Matseke said that this payment of about R104 million was paid back to the entity in four payments of about R30 million, two separate R10 million payments and one final payment of about R54 million.

Matseke said it was unfortunate that Advocate Terry Motau's report, titled the ‘Great Bank Heist’, only reflected the R104 million under question as an incoming amount and did not also show that it was an outgoing amount as an investment.

FDC Board chairperson, Hantsie Matseke also said the board was disappointed in the fact that the report shows that the entity was one of the top three beneficiaries from the disgraced VBS bank and yet the report's author, Advocate Terry Motau never made an attempt to consult the board for their say on the matter. Matseke said the Corporation also needs clarity from Motau on what informed the report.

News of the damning report last week and at the centre of the controversy have seen various persons of interests, businesses, municipalities, including the FDC. The Limpopo based bank which the report alleges looted close to R2 billion is currently under curatorship.