Vbs mutual bank
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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Reserve Bank to appeal court ruling setting aside parts of VBS report
The High Court on Tuesday found that Advocate Terry Motau failed procedurally when he did not afford former ANC Limpopo treasurer Daniel Msiza an opportunity to tell his side of the story before releasing the report.
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ANC’s Daniel Msiza feels vindicated by court ruling on VBS report – lawyer
Msiza said he was happy the court sided with him in finding that Advocate Terry Motau had violated his rights with regards to his report on the collapse of VBS Mutual Bank.
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Motau failed to follow fair procedure with Msiza regarding VBS report - court
Former ANC Limpopo treasurer Daniel Msiza took the Advocate Terry Motau's VBS Mutual Bank report on review after being accused of being the kingpin in the VBS bank scandal.
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Court rules VBS report findings against ANC's Daniel Msiza unconstitutional
The court has declared that the findings made by Motau against Msiza were prejudicial and unconstitutional.
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ANC: Boyce Maneli, Maphefo Letsie must step down over VBS scandal
ANC Gauteng secretary-general Jacob Khawe made the announcement on Sunday.
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Sarb emphasises to VBS shareholders that bank will definitely be liquidated
The SA Reserve Bank (Sarb) said that Friday's meeting discussed and agreed that there was a need for regular feedback to VBS Mutual Bank depositors and other affected parties about the liquidation process.
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SARB welcomes applications for new mutual banking licence
The Bank said it received several letters from people interested in reviving the scandal-hit VBS Mutual Bank.
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SARB: Several parties have shown interest in reviving VBS Bank
An estimated R2.7 billion went missing from VBS Bank through grand-scale looting that led to its collapse.
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Limpopo ANCVL: NEC must reconsider reinstating VBS-implicated Radzilani, Msiza
The pair are implicated in the VBS Mutual Bank scandal, but the NEC said they haven’t been charged in two years and should be presumed innocent until found guilty by a court of law.
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ANC NEC's decision to reinstate Radzilani, Msiza a principled one - MKMVA
The MKMVA said that a statement by its members in Limpopo, who condemned the African National Congress’s (ANC) decision to reinstate Florence Radzilani and Danny Msiza, did not reflect its official stance.
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Former VBS CFO says sorry, to be admitted to psychiatric hospital
Philip Truter was granted R50,000 bail in the Palm Ridge Commercial Crimes Court earlier on Monday, after saying he was unemployed and could not get a job.
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UPDATE: Ex-VBS CFO Philip Truter granted R50k bail in looting matter
Truter allegedly failed in his primary duty to manage financial risk for VBS and his fiduciary duty to report all irregularities.
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Eighth VBS Mutual Bank heist suspect due in court today
The eighth suspect could not be arrested a few weeks ago as he was in COVID-19 quarantine.
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Samwu critical of ANC's handling of members implicated in VBS scandal
Samwu said that the African National Congress’ Nasrec resolution that said officials implicated in corruption must step aside.
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SACP: ANC risks alienating its constituency if it reinstates VBS accused
The SACP in Limpopo has joined the ANCVeterans League in that province to condemn the decision to reinstate two officials.
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Some Limpopo municipalities still reeling impact of VBS losses, says Makwetu
Service delivery was also affected in these municipalities, with the Makwetu adding that cost-containment measures and recovery plans were introduced in the hope of recovering from the 'huge financial loss'.
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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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Two ANC members implicated in the VBS scandal to be reinstated
After the African National Congress's national executive council over the weekend, ANC secretary-general Ace Magashule said during a media briefing on Wednesday that the NEC decided its Limpopo treasurer-general Danny Msiza and provincial party chair Florence Radzilani should be reinstated with immediate effect after being suspended for over two years.
