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VBS Mutual Bank

Mbalula: ANC to wait for report from integrity committee to act on Thembi Simelane
Politics
/ 6 December 2024

Mbalula: ANC to wait for report from integrity committee to act on Thembi Simelane

ANC secretary general Fikile Mbalula defends the decision not to ask the minister to step aside, despite allegations of misconduct linked to VBS Mutual Bank

By Mandisa Nyathi
Ramaphosa removes corruption accused Thembi Simelane from justice portfolio but retains her in cabinet
Politics
/ 4 December 2024

Ramaphosa removes corruption accused Thembi Simelane from justice portfolio but retains her in cabinet

The Democratic Alliance’s spokesperson on justice and constitutional development has called for Simelane to be removed from the cabinet

By Paddy Harper
Decision on Justice Minister Thembi Simelane, VBS more than a disciplinary matter, presidency says
Politics
/ 1 October 2024

Decision on Justice Minister Thembi Simelane, VBS more than a disciplinary matter, presidency says

Ramaphosa needs time to consider the matter because it involves the minister, which may affect the cabinet, his office stressed

By Emsie Ferreira
ANC vets want members with criminal records barred and would-be leaders to first meet criteria
Politics
/ 17 September 2024

ANC vets want members with criminal records barred and would-be leaders to first meet criteria

The veterans league wants the vetting to be done on every card carrying ANC member and those who wish to join the party

By Lunga Mzangwe
Justice Minister Thembi Simelane to stay put, despite pressure to resign
Politics
/ 9 September 2024

Justice Minister Thembi Simelane to stay put, despite pressure to resign

The ANC’s integrity commission will review her involvement in a R575 600 loan from a fixer for the now-defunct VBS Mutual Bank

By Mandisa Nyathi
Simelane says VBS fixer offered better loan terms than a bank
Politics
/ 6 September 2024

Simelane says VBS fixer offered better loan terms than a bank

The justice minister said she had proof of the transaction and resisted suggestions she was caught in an untenable conflict of interest

By Emsie Ferreira
Ramaphosa asks justice minister for report on VBS allegations
Politics
/ 28 August 2024

Ramaphosa asks justice minister for report on VBS allegations

Thembi Simelane has come under scrutiny for taking a loan from a company embroiled in the scandal that triggered the bank’s collapse

By Emsie Ferreira and Aarti Bhana
What does the defection of the EFF’s Shivambu to MK party mean?
Opinion
/ 16 August 2024

What does the defection of the EFF’s Shivambu to MK party mean?

The two parties are part of the ‘progressive caucus’ representing the opposition in the government of national unity

By Khumo Kumalo
Plans to revive VBS Mutual Bank ‘progressing’
National
/ 12 August 2024

Plans to revive VBS Mutual Bank ‘progressing’

Efforts to reopen VBS as a commercial entity are ongoing, with a focus on regulatory oversight to prevent past mismanagement and corruption

By Mandisa Nyathi
Limpopo premier won’t act on MEC over bank heist
Politics
/ 2 August 2024

Limpopo premier won’t act on MEC over bank heist

The Limpopo premier wants a clampdown on the flow of illegal immigrants into the province

By Lunga Mzangwe
Life in VBS land: residents of the Vhembe District face long daily walks – and risk attacks by crocodiles –  in their struggle for water
National
/ 2 August 2024

Life in VBS land: residents of the Vhembe District face long daily walks – and risk attacks by crocodiles –  in their struggle for water

Residents blame councils, not the national and provincial government, for their plight

By Lunga Mzangwe
Fikile Mbalula: ANC will pay back any money if it received unlawfully from VBS
Politics
/ 1 August 2024

Fikile Mbalula: ANC will pay back any money if it received unlawfully from VBS

The secretary general also took a swipe at Jacob Zuma says the uMkhonto weSizwe party is a ‘friends of Zuma’ party

By Lunga Mzangwe
EFF to hold crisis meeting over VBS fallout
Politics
/ 19 July 2024

EFF to hold crisis meeting over VBS fallout

The party is leaving the talking up to its former chair and legal adviser, Dali Mpofu

By Mandisa Nyathi, Lunga Mzangwe and Khaya Koko
Realigning the left: Navigating corruption scandals like VBS and building a mass-based movement
Thought Leader
/ 17 July 2024

Realigning the left: Navigating corruption scandals like VBS and building a mass-based movement

The shack dwellers movement, Abahlali baseMjondolo, in a mass meeting recalled and expelled senior members who made a deal with a funeral association linked to Jacob Zuma and VBS Bank

By Imraan Buccus
Can the EFF survive the VBS Bank heist scandal?
Thought Leader
/ 16 July 2024

Can the EFF survive the VBS Bank heist scandal?

It could be an opportunity for new Economic Freedom Fighters leaders to emerge, but this depends on whether Julius Malema and Floyd Shivambu are charged

By Khumo Kumalo
Korner Talk | EFF must bench Dali Mpofu on VBS
Opinion
/ 15 July 2024

Korner Talk | EFF must bench Dali Mpofu on VBS

The senior counsel capitulated like Courage, the Cowardly Dog during a broadcast interview

By Khaya Koko
Samwu: Manager implicated in VBS scandal tried car fleet scam in new municipality
National
/ 19 October 2022

Samwu: Manager implicated in VBS scandal tried car fleet scam in new municipality

The union fears that municipal manager Morris Maluleke, who ‘irregularly’ deposited R50-million of municipal funds into VBS Mutual Bank, continued to try to loot a Limpopo municipality

By Khaya Koko
SABC radio station ‘censored’ VBS talk
National
/ 11 December 2021

SABC radio station ‘censored’ VBS talk

Listeners want Hawks to probe the public broadcaster for quashing coverage of the Venda king’s role in the cash scandal

By Mpho Tshikhudo
Local elections: Water tops the agenda in Limpopo’s dry villages
National
/ 16 October 2021

Local elections: Water tops the agenda in Limpopo’s dry villages

People in the Fetakgomo Tubatse local municipality, who have to collect water from Motse River, are backing independent candidates because they’re tired of parties’ election promises

By Lucas Ledwaba
Case of municipal manager who got luxury gifts for depositing public funds in VBS will go to trial
National
/ 6 May 2021

Case of municipal manager who got luxury gifts for depositing public funds in VBS will go to trial

Tsakane Ngobeni received holidays, expensive watches and beauty treatments from another VBS Mutual Bank accused

By Khaya Koko
R2.3-billion VBS Mutual Bank heist trial to start soon
National
/ 26 March 2021

R2.3-billion VBS Mutual Bank heist trial to start soon

The state has finalised its charge sheet and is ready to prosecute the alleged bank looters

By Khaya Koko
Mayor survives third bid to oust her over failure of Ruth Mompati district municipality
Politics
/ 25 March 2021

Mayor survives third bid to oust her over failure of Ruth Mompati district municipality

Supporters of former ANC chairperson Supra Mahumapelo go on the offensive ahead of provincial elective conference

By Paddy Harper
‘We are all innocent,’ VBS eight tell court
National
/ 12 March 2021

‘We are all innocent,’ VBS eight tell court

The National Prosecuting Authority believes it has ‘a very strong case’ and wants to begin the VBS Mutual Bank trial

By Khaya Koko
‘Not guilty’ says R35m VBS ‘looter’
Politics
/ 11 March 2021

‘Not guilty’ says R35m VBS ‘looter’

Former ANC youth leader Kabelo Matsepe set to protest his innocence after arrest by the Hawks

By Emsie Ferreira and Khaya Koko
Senior ANC officials to be arrested for role in VBS looting
Politics
/ 10 March 2021

Senior ANC officials to be arrested for role in VBS looting

Danny Msiza and Kabelo Matsepe will become the first politicians to be face charges for alleged complicity in the scandal

By Lizeka Tandwa, Emsie Ferreira and Khaya Koko
In a bizarre twist VBS liquidators sue KPMG for R863mn
Business
/ 24 February 2021

In a bizarre twist VBS liquidators sue KPMG for R863mn

In filed court documents, the VBS liquidators are blaming auditing firm KPMG’s negligence for the alleged looting of the bank

By Khaya Koko
NPA cool on ire over VBS saga’s glacial pace
National
/ 28 January 2021

NPA cool on ire over VBS saga’s glacial pace

The NPA has confirmed that the trial of the expected 10 accused in the VBS heist will be a marathon

By Khaya Koko
R2.3bn VBS trial expected to only begin in 2022
National
/ 26 January 2021

R2.3bn VBS trial expected to only begin in 2022

The state is expected to request a 16 week-long trial, as delays stymie progress in the saga.

By Khaya Koko
Dossier fuels fight for auditor watchdog’s top seat
Business
/ 13 November 2020

Dossier fuels fight for auditor watchdog’s top seat

A whistleblower says the former boss of the auditing regulatory body is behind a campaign to have its new chief executive sent packing

By Thando Maeko
Why crooks are shivering in their boots
Politics
/ 12 October 2020

Why crooks are shivering in their boots

Ace Magashule’s anxiety has to do with the array of arrests of high-profile people facing fraud and corruption charges

By Khaya Koko
More arrests expected in the R2.3bn VBS heist
National
/ 8 October 2020

More arrests expected in the R2.3bn VBS heist

Prosecutors tell the court that more people will be charged and additional charges will be added to the seven accused in a new charge sheet

By Khaya Koko
‘Haunted’ VBS executive Truter sentenced to seven years
National
/ 7 October 2020

‘Haunted’ VBS executive Truter sentenced to seven years

Phillip Truter, the former chief financial officer of the defunct mutual bank who pleaded guilty to fraud and other charges, will work with authorities on how the alleged heist took place

By Khaya Koko
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