Vele Investments

 
Two more VBS execs provisionally sequestrated
Two more VBS execs provisionally sequestrated
Two more VBS Mutual Bank executives have been provisionally sequestrated, bringing the total number of managers at the institution whose assets...
Former VBS boss only heard of ‘looting’ after it happened, advocate argues
Former VBS boss only heard of ‘looting’ after it happened, advocate argues
A former VBS Mutual Bank boss only found out about alleged plundering of R1.5-billion from the institution just before it was placed under...
VBS head's explanation of R15m bonus is ‘absurd’, court hears
VBS head's explanation of R15m bonus is ‘absurd’, court hears
An explanation by VBS Mutual Bank's chief executive officer about an alleged R15-million bonus paid to him, which he says he earned for other...
VBS saga: Municipalities in for half-a-decade wait for a fraction of R1.5bn deposits
VBS saga: Municipalities in for half-a-decade wait for a fraction of R1.5bn deposits
VBS Mutual Bank allegedly broke the law by accepting deposits totalling around R1.5-billion from municipalities, which may now have to wait up to...
Magashule hails ANC provincial conferences as a step towards unity
Magashule hails ANC provincial conferences as a step towards unity
Cosatu is consulting with its affiliates regarding attempts to remove PIC boss Dan Matjila, as the fight for control of the crucial funding...
Liquidity problems were just the start
Liquidity problems were just the start
The treasury has said that retail depositors will be paid back up to R100 000 of money they had invested in VBS, which covers about 97% of...
Fedusa calls for former PIC directors linked to VBS Bank to be declared delinquent
Fedusa calls for former PIC directors linked to VBS Bank to be declared delinquent
The Federation of Unions of South Africa (Fedusa) has called for two former Public Investment Corporation (PIC) directors implicated in allegations...
Power struggle rocks VBS bank’s main shareholder
Power struggle rocks VBS bank’s main shareholder
A power struggle between two central figures in Vele Investments, the company which may have become beleaguered VBS Mutual Bank’s majority ...
Further PIC bloodletting in wake of VBS looting
Further PIC bloodletting in wake of VBS looting
Another senior Public Investment Corporation (PIC) executive who served as the state-owned entity’s representatives on the embattled VBS Mutual...

Client Media Releases

MTN backs SA's youth to 'think tech, do business'
Being intelligent about business data
PhD for 79-year-old theology graduate