Vbs mutual bank
EFF explains where it got R32m for elective conference and it's 'not VBS'
The party’s treasurer-general, Leigh-Ann Mathys, told reporters that the organisation had no external funders.
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Sarb denies being uncooperative in Mkhwebane's VBS saga probe
The Public Protector released findings into 24 cases on Thursday, but steered clear of some of the much-anticipated prominent cases.
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Mkhwebane holds off releasing reports into IPPs, Eskom & VBS
The Public Protector used her last briefing for the year on Thursday to deliver the findings of 24 cases.
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Victims of VBS bank looting urged to pursue civil action
Limpopo had the highest number of municipalities that illegally invested with the now-defunct bank, losing R1.2 billion.
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Parly committee: Limpopo officials suspended over VBS looting still being paid
Committee chairperson Faith Muthambi said municipalities in Limpopo continued to lose money due to the lengthy suspensions of municipal officials who were involved in decisions to invest in VBS Bank.
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New allegations emerge linking Julius Malema's cousin to VBS
An investigation of fraud at VBS Mutual Bank allegedly revealed a slush fund used to channel money from the bank. The company account used belongs to EFF leader Julius Malema's cousin.
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Parliamentary committee heading to Limpopo after VBS scandal
Committee members will meet with municipal officials over the next several days to check on how service delivery’s been impacted.
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VBS returns to haunt Malema through report linking his cousin to alleged fraud
The Sunday Times is reporting that an investigation of the fraud at VBS Mutual Bank led to the discovery of an alleged fraudulent bond application in the name of one of Julius Malema’s relatives.
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VBS warns that Zuma’s loan default puts him at risk of losing Nkandla home
The bank has warned in court papers that if Zuma failed to settle accumulated arrears amounting to R500,500.00 it will have to attach his Nkandla home which was used as security for the loan.
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Malema on aggravated assault charges, VBS money and wearing Louis Vuitton
Speaking to journalists at the Hawks head office in Pretoria, EFF leader Julius Malema responded to questions about an assault charge he is facing alongside EFF spokesperson Mbuyiseni Ndlozi. Malema also denied the latest allegations that suggest he spent money from the now defunct VBS bank.
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'It’s absolute rubbish' - Malema still denies receiving VBS millions
The EFF leader was speaking outside the Hawks offices in Pretoria on Tuesday where he met with investigators to provide a warning statement in a firearm-related case.
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EFF's Malema denies link to stolen VBS millions
Economic Freedom Fighters (EFF) leader Julius Malema was responding to reports by the Daily Maverick's investigative unit Scorpion, that more than R5 million was channeled from VBS Bank into an account the red beret leader used as a slush fund.
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Court orders Brian Shivambu to pay R1.8m to VBS liquidators
The order forms part of a bid by Anoosh Rooplal - the liquidator of VBS Mutual Bank - who aims to recover R2.7 million that was part of a R4 million loan granted to Shivambu’s company, Sgameka Projects in 2017.
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CARTOON: Ramaphosa's Quickstep
By Dr Jack.
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Sarb: Africapacity must get banking license in order to buy VBS Bank
VBS was placed into liquidation by the High Court of South Africa last November and its banking activities and license suspended.
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Africapacity Group offers to buy embattled VBS bank
A black-owned investment company, Africapacity Group, has made contact with the Reserve Bank, Treasury and Parliament with an offer to purchase the bank for R2 billion.
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Municipalities bear the brunt for investing in VBS Mutual Bank
This came almost a year after the South African Reserve Bank published a forensic report into the collapse of VBS Mutual Bank that blew the lid on how it was looted of nearly R2 billion.
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PIC wanted to help VBS growth as black player in banking sector, inquiry hears
The directors of Vele Investments, which is the majority shareholder in VBS, were among those accused of siphoning hundreds of millions of rand out of the bank.
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Matjila rejects claim he accepted R5m bribe to fund VBS Mutual Bank
Advocate Terry Motau’s report on the bank’s collapse lists unsubstantiated allegations that former PIC CEO Dan Matjila accepted a bribe.
