VBS Bank

 
Letters to the Editor: September 7 to 13
Letters to the Editor: September 7 to 13
The Community Schemes Ombud Service (CSOS) was established in terms of the Act of 2011 as an alternative dispute resolution body to resolve...
Those responsible for VBS municipal losses must be held accountable — Mkhize
Those responsible for VBS municipal losses must be held accountable — Mkhize
Much of the money lost by municipalities to the VBS Mutual Bank scandal was intended for service delivery, minister of cooperative governance and...
Minister intervenes in community schemes shambles
Minister intervenes in community schemes shambles
Human Settlements Minister Nomaindia Mfeketo has ordered the appointment of an independent investigator to look into the affairs of the beleaguered...
Housing schemes regulator goes from bad to worse
Housing schemes regulator goes from bad to worse
R80-million of taxpayers’ money that was irregularly invested with the discredited VBS Mutual Bank by the beleaguered Community Schemes Ombudsman...
Senior CSOS staffers suspended for VBS deposit
Senior CSOS staffers suspended for VBS deposit
Controversy-struck Community Schemes Ombudsman Services (CSOS) has served two of its most senior officials — chief ombud advocate Seeng...
State officials fingered in a VBS-linked dodgy deposit
State officials fingered in a VBS-linked dodgy deposit
An agency of the department of human settlements thought it had invested R20-million with Absa. But when it went looking for the investment, it was...
Ramaphosa to appoint commission of inquiry to probe PIC
Ramaphosa to appoint commission of inquiry to probe PIC
President Cyril Ramaphosa has agreed to appoint a commission of inquiry into alleged impropriety at the Public Investment Corporation (PIC), the...
​Unembargoed: August 10 to 16
​Unembargoed: August 10 to 16
The Cape Town mayor’s supporters and her critics feel disappointed by her resignation deal
Mfeketo wrestles with ombud services
Mfeketo wrestles with ombud services
Human Settlements Minister Nomaindia Mfeketo has become embroiled in a tussle with the board of the Community Schemes Ombud Services (CSOS) over...
Two more VBS execs provisionally sequestrated
Two more VBS execs provisionally sequestrated
Two more VBS Mutual Bank executives have been provisionally sequestrated, bringing the total number of managers at the institution whose assets...
Former VBS boss only heard of ‘looting’ after it happened, advocate argues
Former VBS boss only heard of ‘looting’ after it happened, advocate argues
A former VBS Mutual Bank boss only found out about alleged plundering of R1.5-billion from the institution just before it was placed under...
VBS head's explanation of R15m bonus is ‘absurd’, court hears
VBS head's explanation of R15m bonus is ‘absurd’, court hears
An explanation by VBS Mutual Bank's chief executive officer about an alleged R15-million bonus paid to him, which he says he earned for other...

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