Banks Act
latest news & developments
Ithala Bank wins court battle – and control of its finances and operations
The judge says the bank is not a Ponzi scheme and cannot be stripped of it non-banking powers
State rejects pyramid-schemer’s plea: ‘I stole the money, and plead guilty’
The state has rejected fraudster Roderick Cole-Edwards’ guilty plea for R11.6-million pyramid-scheme theft
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
EFF tackles apartheid legislation
While the ANC in Parliament found itself defending the presence of FW de Klerk at the State of the Nation address last week, the government was also — in court this time —…
Auditors’ watchdog IRBA gets teeth with new Bill
In a Financial Matters Amendment Bill released for comment, treasury proposed changes to the Auditing Profession Act, the law that created IRBA
VBS bank could come out of curatorship stronger— Treasury
National Treasury said placing VBS Mutual Bank under curatorship is a better option than liquidation