VBS Bank

 
ANC mobile network plans fail
ANC mobile network plans fail
A plan to help the ANC win the national general elections next year is in jeopardy because of a row in Luthuli House over a multimillion-rand...
VBS: 7 Limpopo municipalities could be placed under administration
VBS: 7 Limpopo municipalities could be placed under administration
Seven municipalities in Limpopo are on the brink of insolvency and could be placed under administration after they lost hundreds of millions of...
Court orders liquidation of VBS
Court orders liquidation of VBS
Beleaguered VBS Mutual Bank was liquidated on Tuesday following a court order by the high court in Pretoria.
Explainer: Lessons from the collapse of VBS
Explainer: Lessons from the collapse of VBS
The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity...
SACP suspends former mayor linked to VBS bank scandal
SACP suspends former mayor linked to VBS bank scandal
Gilbert Kganyago, the former mayor of Limpopo's Capricorn District Municipality (CDM), was suspended as the South African Communist Party's (SACP)...
Unembargoed: November 9 to 15
Unembargoed: November 9 to 15
A forensic report claims Supra Mahumapelo urged municipalities to invest with the bank
North West ex-premier punted VBS
North West ex-premier punted VBS
A forensic investigation has suggested that former North West premier Supra Mahumapelo was behind the province’s municipalities illegally...
Integrity’s bark worse than its bite
Integrity’s bark worse than its bite
The ANC’s integrity commission says it can’t, and won’t, compel the party to take any action against members implicated in wrongdoing —...
VBS Scandal: Capricorn mayor explains R60m investment
VBS Scandal: Capricorn mayor explains R60m investment
Limpopo's Capricorn District Municipality mayor John Mpe has detailed how the entity came to invest R60-million into VBS Mutual Bank, blaming his...
ANC NEC refers VBS matter to NWC, reiterates support for state capture inquiry
ANC NEC refers VBS matter to NWC, reiterates support for state capture inquiry
The ANC’s national executive committee (NEC) has tasked its national working committee (NWC) with paving the way forward on the VBS scandal.
VBS needs to be wound up ‘urgently’
VBS needs to be wound up ‘urgently’
The final death knell sounded for defunct VBS Mutual Bank this week as the prudential authority of the South African Reserve Bank applied to...
Final death knell for VBS, as liquidation application launched
Final death knell for VBS, as liquidation application launched
The prudential authority, which regulates South Africa’s banks, has applied to court to liquidate and finally wind up VBS Mutual Bank, it said in...

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