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Vbs Mutual Bank

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Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

Fomer Justice Minister Thembi Simelane. (Photo by Brenton Geach/Gallo Images via Getty Images)

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

Embattled Justice Minister Thembi Simelane. (Photo by Brenton Geach/Gallo Images via Getty Images)

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

Fomer Justice Minister Thembi Simelane. (Photo by Brenton Geach/Gallo Images via Getty Images)

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

The president of the ANC Veterans League Snuki Zikalala.

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

Embattled Justice Minister Thembi Simelane. (Photo by Sharon Seretlo/Gallo Images via Getty Images)

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…

Embattled Justice Minister Thembi Simelane. (Photo by Sharon Seretlo/Gallo Images via Getty Images)

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…

President Cyril Ramaphosa

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

Floyd Shivambu. (Delwyn Verasamy/M&G)

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

Frustration reigned at the R2.3-billion VBS Mutual Bank heist court case after another postponement, with one of the accused’s lawyers arguing that his client was suffering financial prejudice because of the state’s alleged ineptitude.

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

Standing firm: Limpopo premier Phophi Ramathuba won’t remove an MEC linked to the bank scandal and won’t walk back her comment about Zimbabweans receiving healthcare in South Africa. Photo: Frennie Shivambu/Gallo

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

Not in the pipeline: Many people living in Limpopo’s Vhembe district have no council-supplied water. Photo: Lunga Mzangwe

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

ANC secretary general Fikile Mbalula says if the party illegally received any money from VBS Mutual Bank it will be paid back.
(Photo by Per-Anders Pettersson/Getty Images)

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.…

The Economic Freedom Fighters’ top six leaders are concerned about rumblings in the ranks of its central command team regarding the party’s leaders, Julius Malema (C) and Floyd Shivambu (L) and their association with the looted VBS Mutual Bank. (Bloomberg via Getty Images)

EFF to hold crisis meeting over VBS fallout

The party is leaving the talking up to its former chair and legal adviser, Dali Mpofu

Victims of the VBS Mutual Bank (VBS) scandal who lost their life savings say it is ironic that Economic Freedom Fighters (EFF) members are demanding the return of “stolen” land while failing to pay back the money they allegedly received unlawfully from the bank.

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…