The great bank heist
Sarb to announce grounds to appeal VBS report judgment against it & Motau
On Tuesday, Motau and Sarb were dealt a blow when the Pretoria High Court reviewed and set aside parts of the report.
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Innocent until proven guilty - ANC NEC on Limpopo officials implicated in VBS
The party's NEC met virtually over the weekend and made resolutions on internal party matters, government response to COVID-19, job losses and international relations.
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Malema maintains his innocence in the VBS saga
EFF leader Julius Malema sat down with journalists on 25 June 2020 where he answered questions about the allegations that he benefitted from the VBS Mutual Bank scandal. Malema maintained his and the EFF’s innocence, saying that there was no proof that he was involved in the fraud that saw the bank close its doors.
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NPA: All VBS accused have now paid their bail
They appeared in the Palm Ridge Regional Court on Thursday where they all maintained their innocence.
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AFU will deal with reclaiming of assets in VBS matter – NPA
The NPA welcomed the Palm Ridge Regional Court’s decision to slap seven of the eight accused persons with R100,000 bail each on Thursday.
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7 VBS accused granted R100k bail each
In his bail application, former VBS bank chairperson and alleged mastermind, Tshifhiwa Matodzi, said he was unemployed and had no assets.
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DA opens case against Shivambu, EFF over allegedly benefiting in VBS looting
This follows reports in the 'Daily Maverick' that EFF leader Julius Malema, Floyd Shivambu and other senior members received over R1.8 million from the collapsed bank.
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SACP: Claims of R3m VBS Bank payment baseless
The party has dismissed a 'City Press' report that it was paid to remain silent about the bank's alleged relationship with the Gupta family.
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SACP: Those involved in VBS Bank looting should be held accountable
Capricorn District Municipality Mayor Gilbert Kganyago, who was linked to the looting of the bank, has been suspended from his job as well as his position as the SACP's provincial secretary.
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VBS Bank: 2 top accountants given another chance to appear before Saica
Former VBS Bank CEO Andile Ramavhunga and former Vele Investments chair Tshifhiwa Matodzi failed to arrive on Friday, but the committee believes it could have done more to communicate with them.
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[EXPLAINER] Lessons from the collapse of a small South African bank
One of the main lessons from the VBS Bank collapse in South Africa is that audit reports need to be treated with a degree of circumspection. In some cases, they will require independent verification.
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ANC NEC undecided on Integrity Commission’s VBS report
The report recommended the NEC direct Limpopo treasurer general Danny Msiza and deputy chair Florence Radzilani to step aside from all ANC activities.
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ANC launches internal probe into R2 million VBS 'donation'
The party says it is only aware of a R250,000 transaction from Vele Investment, the majority shareholder in VBS.
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Danny Msiza turns to court to challenge VBS Bank report
The ANC Limpopo treasurer has confirmed to Eyewitness News the contents of the affidavit and mentions that the report had caused reputational harm to him.
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Associating black people with VBS scandal is an insult, says Gungubele
Deputy Finance Minister Mondli Gungubele has said it’s clear from the Reserve Bank report that there was a clear intention to loot when VBS was taken over in 2014.
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[WATCH LIVE] National Assembly debates VBS saga
MPs are debating a Reserve Bank report which implicates more than 50 individuals and companies in corruption at VBS Mutual Bank.
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SA to recover 'looted' cash after VBS bank collapse
A central bank report, titled The Great Bank Heist, into the failure of VBS Mutual bank said almost R2 billion was stolen over three years.
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Mkhize: No bailouts for municipalities implicated in VBS scandal
Cooperative Governance Minister Zweli Mkhize says once forensic investigations are completed municipalities must launch lawsuits to recoup their monies.
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Mkhize to brief MPs on VBS Mutual Bank scandal
Cooperative Governance Minister Zweli Mkhize is to provide an update on municipalities that invested with the bank, especially the impact on service delivery.
