Vbs bank heist
Brian Shivambu to pay back R4.5m received from looting of VBS - report
An acknowledgement of debt contract seen by the 'Daily Maverick' revealed that the Brian Shivambu, the brother of EFF deputy president Floyd, signed the...
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VBS 7 expected back in court on 8 October after posting bail
Magistrate Brian Nemavhidi ordered the Midrand police to detain the men, who are accused of taking more than R122 million from the VBS bank, until they paid up.
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GALLERY: Here are the 7 suspects nabbed for VBS heist
Here are the men who appeared in the Palm Ridge Regional Court on 18 June and the amounts they are said to have pocketed in the multibillion-rand VBS heist.
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8 arrested for VBS heist, 'the biggest bank robbery in this country'
Hawks head Lieutenant General Godfrey Lebeya and NPA head Advocate Shamila Batohi briefed the media on the latest developments into the VBS investigation. Suspects are expected to appear in the Palm Ridge Court on 18 June 2020.
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Municipalities likely to lose R1.8bn of taxpayers' money over VBS heist
Speaking on the 'Eusebius Mackaizer Show' on 702, he said municipalities in Limpopo, North West, and Gauteng would likely lose about R1.8 billion of taxpayers’ money as a result.
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New claims that EFF used VBS funds for birthday bash
A report by Daily Maverick alleges that the EFF used money from the VBS bank heist to fund its fourth birthday bash in Durban.
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De Lille accuses George Municipality of VBS-style looting
Patricia de Lille has approached Busisiwe Mkhwebane to investigate the municipality's R350 million investments in various financial institutions.
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Poor South African savers ruined by bank collapse
Fear spread through poor rural communities across South Africa in November when VBS, a regional bank that catered to poorer customers, collapsed.
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Reserve Bank: VBS Bank liquidator to be appointed
This follows the ruling by the High Court in Pretoria to grant the Prudential Regulation Authority its application to liquidate the bank.
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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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Limpopo premier set to brief media on developments in VBS Bank probe
Limpopo Premier Stan Mathabatha is expected to outline the status of that investigation and also outline how the provincial administration will deal with those implicated.
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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 to discuss VBS looting among other things
The meeting witl discuss various issues including the looting of the VBS Mutual Bank and the alleged involvement of its leaders.
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DA opens criminal case against Zweli Mkhize over VBS 'loot'
Mkhize was the treasurer-general of the African National Congress (ANC) when the party was alleged to have received R2 million from companies linked to the bank.
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ANC NEC to decide fate of Hlongwa, Mahlangu
The Gauteng PEC’s decision not to support the commission’s recommendations regarding the membership of disgraced former Health MEC’s Brian Hlongwa and Qedani Mahlangu.
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Reserve Bank applies for VBS Mutual Bank to be liquidated
The Reserve Bank's Prudential Authority says that the final winding-up of VBS is in the best interests of all parties.
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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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ANC 'willing' to pay back money linked to VBS Bank 'heist'
Weekend reports stated that the party had actually received over R2 million towards its local government election campaign in 2016.
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ANCYL in Limpopo calls for sacking of those implicated in VBS saga
The league has welcomed the party's integrity commission’s recommendation that the pair steps down along with other ANC leaders who have been implicated in the VBS scandal.
