The Economic Freedom Fighters deputy president failed to declare money transferred to him from a company owned by his brother, known as a VBS Mutual Bank beneficiary
The flow of money from VBS Bank would seem to suggest that the EFF’s second-in-command was an ultimate beneficiary of proceeds of a crime
We will probably hear premiers, a minister or even the president saying they “condemn in the strongest terms” what is happening in municipalities
Crime-fighting bodies update MPs on why high-profile investigations into VBS Mutual Bank and Steinhoff have not yielded results
Brian paid back the money before liquidator could attain records to company dealings. He incurred costs, however
The order is in relation to an application by the liquidator of the VBS Bank, as part of a R4-million loan granted to the younger Shivambu’s company
The UDM leader wants the PIC inquiry to probe millions allegedly received by former PIC CEO, Dan Matjila
Brian Shivambu has not serviced the loan and is in arrears of more than R2.7-million
His business partner has taken him to court alleging that he transferred their company’s money into his personal account
R80-million left the CSOS in two tranches under the pretext of being an investment
Paul Magula was dismissed by the PIC in April 2018 for poor performance and failing to protect the PIC from risk and financial loss at VBS
The CSOS has been asked to lay attempted theft charges against a service provider who deposited the agency’s funds into his own company’s account
The Reserve Bank placed VBS under curatorship in March this year after the mutual bank had experienced what had then appeared to be a liquidity crisis
One of the main lessons from the VBS Bank collapse in South Africa is that audit reports need to be treated with a degree of circumspection
The party’s provincial spokesperson, Machike Thobejane, confirmed the suspension
The author of the report sets the wags talking about a reality that at times seems more farcical than fiction