Vbs Mutual Bank
latest news & developments
Hunt on for PIC’s lost billions
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
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
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
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
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
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 This content is restricted to registered users and…
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 This content is restricted to registered…
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
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
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
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
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
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 This content is restricted to registered users and subscribers.…
EFF to hold crisis meeting over VBS fallout
The party is leaving the talking up to its former chair and legal adviser, Dali Mpofu
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…