Vbs Bank

KPMG to review all work over the last-year-and-a-half

The beleaguered auditing firm has launched a large-scale review of all work done in last 18 months

VBS’s billion-rand troubles laid bare

An alarming picture is rapidly emerging of poor management, suspect deposits and possibly fraudulent transactions

VBS Mutual Bank ‘severely mismanaged’ – SARB affidavit

SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information

Finance committee grappling with Viceroy status

Ismail Momoniat said the status of Viceroy as a company made it difficult for South Africa to hold its report responsible.

Full day of hearings into corporate scandals in Parliament

The standing committee on finance will roll up its sleeves for a full day of hearings into Steinhoff, KPMG, VBS Mutual Bank, and SARS

What happens when a bank is put into curatorship

The South African Reserve Bank was justified in placing VBS Mutual Bank under curatorship

Bank failure rocks battling municipalities

The West Rand’s plight could be a harbinger of problems for municipalities invested in VBS being placed under curatorship

Stokvels reel from VBS bank’s collapse

'We thought the bank was a safe place to keep our money but now we have been thrown in a dilemma'

Coovadia on VBS curatorship: SA cannot afford a bank collapse

The country cannot afford a a bank collapse while it is on the path of inclusive economic recovery

VBS bank could come out of curatorship stronger— Treasury

​National Treasury said placing VBS Mutual Bank under curatorship is a better option than liquidation

SARB: VBS Mutual Bank is not being punished because it’s black-owned

This notion that the Reserve Bank decided to attack a black bank has got to be condemned says central bank governor

​VBS liable to go bust

The mutual bank faces the possibility of going bust after the Treasury instructed municipalities to stop investing with it last year.

Latest

Yeoville can police itself, thank you

In the Johannesburg suburb, neat queues are enforced, physical distances maintained and fights stopped by its community policing forum

Worship during lockdown – in a different way

The bishop uses WhatsApp to share scripture readings, and prayers and comments with all his congregants during the lockdown

Slice of life: ‘People have more compassion’

You know, this coronavirus thing, I just feel, if South Africans can stick together, we’ll get through this

Press Releases

Rahima Moosa Hospital nursing college introduces no-touch facial recognition access system

The new system allows the hospital to enrol people’s faces immediately, using artificial intelligence, and integrates easily with existing access control infrastructure, including card readers and biometrics

Everyone’s talking about it. Even Kentucky

Earlier this year South African fried chicken fast-food chain, Chicken Licken®, launched a campaign for their wallet-friendly EasyBucks® meals, based on the idea of ‘Everyone’s talking about it.’

New energy mix on the cards

REI4P already has and will continue to yield thousands of employment opportunities

The online value of executive education in a Covid-19 world

Executive education courses further develop the skills of leaders in the workplace

Sisa Ntshona urges everyone to stay home, and consider travelling later

Sisa Ntshona has urged everyone to limit their movements in line with government’s request

SAB Zenzele’s special AGM postponed until further notice

An arrangement has been announced for shareholders and retailers to receive a 77.5% cash payout

20th Edition of the National Teaching Awards

Teachers are seldom recognised but they are indispensable to the country's education system

Awards affirm the vital work that teachers do

Government is committed to empowering South Africa’s teachers with skills, knowledge and techniques for a changing world