The judge says the bank is not a Ponzi scheme and cannot be stripped of it non-banking powers
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The state has rejected fraudster Roderick Cole-Edwards’ guilty plea for R11.6-million pyramid-scheme theft
In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank
While the ANC in Parliament found itself defending the presence of FW de Klerk at the State of the Nation address last week, the government was also — in court this time — defending an apartheid-era law
In a Financial Matters Amendment Bill released for comment, treasury proposed changes to the Auditing Profession Act, the law that created IRBA
National Treasury said placing VBS Mutual Bank under curatorship is a better option than liquidation