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Robert Madzonga. (Delwyn Verasamy/M&G)

Three VBS execs provisionally sequestrated, Vele liquidated

The sequestration and liquidation matter, which is ongoing, is being heard in the Johannesburg high court on Tuesday

The bulk of the irregular expenditure — or R6.5-billion — came from modifications to contracts in the procurement process, according to the company’s acting chief financial officer Calib Cassim. (Delwyn Verasamy/M&G)

Eskom reveals billion rand losses in annual financial results

Eskom’s irregular expenditure, identified under the terms of the Public Finance Management Act, rose to just under R20-billion

The chairperson of VBS Mutual Bank

Power struggle rocks VBS bank’s main shareholder

Two Vele Investments bigwigs are at the heart of a power struggle as the VBS fraud saga continues

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

Reserve Bank: No guarantee municipalities will get VBS money back

The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March

KPMG South Africa stands accused of advancing state capture and has come under immense pressure.

KPMG to review all work over the last-year-and-a-half

The beleaguered auditing firm has launched a large-scale review of all work done in last 18 months

Tshifhiwa Matodzi, Andile Ramavhunga and Mduduzi Ndzingi (Gallo Images/Sowetan)

VBS Mutual Bank ‘severely mismanaged’ – SARB affidavit

SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information

Pay up: Production halted at Gupta-linked VR Laser as workers picketed for their August wages.

Gupta firms sail close to the wind

With no access to banking, the family is heading into a financial storm. But it has a few lifeboats yet