VBS CEO Andile Ramavhunga became the focus of sequestration proceedings in the Johannesburg high court on Tuesday afternoon
The sequestration and liquidation matter, which is ongoing, is being heard in the Johannesburg high court on Tuesday
Disciplinary action is going to be lodged against those responsible – from the bank and the municipalities – for the funds ending up with VBS.
R5-million for six months: Nene demands an explanation for SAA CFO’s massive contract
Breakdown of the VBS Mutual Bank saga — what you need to know
The records of the Shimba La Ndou Family Trust, one of the many entities that received questionable payments, are attached to the court application
The head of the PIC has dismissed as baseless a court application by UDM to have him suspended from his job over corruption allegations
VBS Mutual Bank was set to become a commercial bank
The president wants those who are responsible for the VBS crisis to be held accountable
Who’s the boss? Mandela never bowed to the king, Mbeki didn’t bow, Zuma didn’t bow… So why did Ramaphosa kneel before Zwelithini?
Fedusa wants the pair to be declared delinquent directors for ‘failing to apply the highest standards of ethics and good corporate governance’
Two Vele Investments bigwigs are at the heart of a power struggle as the VBS fraud saga continues
The PIC crisis comes as the embattled VBS bank was placed under curatorship in March after Reserve Bank discovered liquidity issues
A liquidation application offers insight into the ‘epic’ fraud that fleeced the bank
Siphoned-off funds seem to have been used to buy a table at the party’s birthday dinner
Retrenchments are in the offing at the embattled bank, amid allegations of fraud of ‘epic proportions’
Retail depositors refers to individuals, funeral schemes, burial societies, savings clubs and stokvels
The outspoken politician hopes to regain public confidence in the ANC
Lawsuit reveals the extent to which two ex-directors were indebted to VBS Mutual Bank
What may be SA’s first female black-owned bank is due to disrupt the sector by targeting hawkers and taxi drivers
How SAA’s spending soared, the row over the ombud’s R80-million VBS investment and the mass action planned by Jacob Zuma’s supporters
A housing scheme regulator invested R80m in the troubled bank. Now the minister has stepped in
The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March
Prudential authority chief Kuben Naidoo says although the probability of saving the bank has fallen, it is not at zero
This is according to the 2017 annual report from the Reserve Bank’s banking supervision department, which was released on Tuesday morning
Eight Limpopo municipalities have a combined exposure to VBS of almost R1.2-billion, but the recovery of all the funds is ‘highly uncertain’
Many argue such banks will allow the unbanked entry and offer appropriate banking products and services, including to small and medium enterprises
But better regulation of SA’s financial services industry could mean higher bank charges
Kimi Makwetu says leadership at Nkonki Inc and the contagious effect of eroded trust in KPMG drove his office to cut ties with the auditing firms
KPMG South Africa has seen an exodus of clients in recent weeks; the Auditor General, Barclays Africa, Sibanye-Stillwater and Redefine Properties
A businessperson says the bank wouldn’t look into her partner’s alleged fraudulant transactions
The Financial Times reported on Tuesday that KPMG could face protests over its audits of major clients Wells Fargo and General Electric