The Portfolio Committee on Justice and Constitutional Development and Minister Thembi Simelane will meet on Friday, following allegations levelled against Simelane, relating to a VBS Mutual Bank loan.

Early this week, media reports revealed that while serving as the mayor of Polokwane in 2016, Simelane took a "commercial loan" of R575 600 from Gundo Wealth Solutions, a company that brokered “unlawful” investments of R349-million into VBS Bank on behalf of the Polokwane municipality, amongst others.

Committee chairperson Xola Nqola said on Monday that it “noted with grave concern” the allegations made against Simelane.

President Cyril Ramaphosa has also requested a detailed report and briefing from her on the matter.

“These types of allegations are damaging to the image that South Africa is trying to portray as a country ridding itself of any form of corruption. We therefore thought it prudent to call the Minister speedily to a committee meeting where she can take Parliament and South Africans into confidence regarding these allegations,” he said.

Political parties are also urging Simelane to account for the allegations made against her, with some calling for her to step down as Justice and Constitutional Development Minister.