Paul Magula

VBS’s fuel scheme lost PIC millions

Forensic investigation discovers anomalies in withdrawals, but top executives approved them

Former PIC officials implicated in VBS heist banned from financial services sector

Paul Magula and Ernest Nesane both sat on the board of VBS to guard the PIC’s interests

PIC man digs himself a deep hole

When Paul Magula testified this week about malfeasance, he should have recalled what he reportedly told the VBS investigators

Former PIC executive denies wrongdoing in VBS looting

Paul Magula was dismissed by the PIC in April 2018 for poor performance and failing to protect the PIC from risk and financial loss at VBS

ANC: Heads must roll over ‘alarming’ VBS Mutual Bank report

The report recommended that more than 50 individuals be criminally charged and held liable in civil proceedings

Ramaphosa to appoint commission of inquiry to probe PIC

The PIC recently announced it was appointing a forensic investigator to look into its investment in the embattled VBS Mutual Bank

Court gags Holomisa over PIC corruption claims

A major BEE firm and business leaders took Bantu Holomisa to court after he wrote President Cyril Ramaphosa an open letter

Fedusa calls for former PIC directors linked to VBS Bank to be declared delinquent

Fedusa wants the pair to be declared delinquent directors for 'failing to apply the highest standards of ethics and good corporate governance'

Further PIC bloodletting in wake of VBS looting

The PIC crisis comes as the embattled VBS bank was placed under curatorship in March after Reserve Bank discovered liquidity issues

Latest

Stranded commuters say Ramaphosa’s rail promises ring hollow

Cape Town’s largest passenger rail line has been closed for months, hitting people’s pockets and adding to road traffic congestion

Focus on FW de Klerk distracted attention from the troubling state of the nation

Some political analysts say President Cyril Ramaphosa is taking too long to mend the country, others says it is the ANC itself that must be fixed

Eastern Cape MEC orders graft investigation after two workers killed at troubled district municipality

The killing of two council workers at the Amathole district municipality appears to be linked to tender fraud and corruption

Press Releases

Response to the report of the independent assessors

VUT welcomes the publishing of the report of the independent assessors to investigate concerns of poor governance, leadership, management, corruption and fraud at the university.

NWU student receives international award

Carol-Mari Schulz received the Bachelor of Health Sciences in Occupational Hygiene Top Achiever Award.

Academic programme resumes at all campuses

Lectures, practicals, seminars and tutorials will all resume today as per specific academic timetables.

Strategic social investments are a catalyst for social progress

Barloworld Mbewu enables beneficiaries to move away from dependence on grant funding

We all have a part to play to make South Africa work

Powering societal progress demands partnerships between all stakeholders

So you want to be a social entrepreneur?

Do the research first; it will save money and time later

Social entrepreneurship means business

Enterprises with a cause at their core might be exactly what our economy desperately needs

Looking inwards

Businesses are finding tangible ways to give back – but only because consumers demand it