Thu, 23 May, 2019

Tag: VBS Mutual Bank

vbs mutual bank

Poor South African Savers Ruined By Bank Collapse

"As treasurer of my stokvel, I had to go to the bank almost every day to find out what is happening," said...
Samwu's R12m

Questions Surround Samwu’s R12m VBS Loan As Administration Looms

The Labour Registrar wants municipal union Samwu to explain why it failed to repay a R12 million loan it received from the...

Exclusive: Financial Irregularities Could See Samwu Placed Under Administration

JOHANNESBURG – South Africa’s biggest municipal trade union the South African Municipal Workers’ Union (Samwu) could be placed under administration soon.
VBS Mutual Bank logo

New Mayor For VBS-linked Municipality

The Greater Giyani Municipality in Limpopo has a new boss after its VBS-linked mayor, Sasavona Mathebula, was axed.The mayoral chain was handed to Basani...
VBS Mutual Bank building

ANC Limpopo Confirms Resignation Of Finance Manager In VBS Bank Scandal

JOHANNESBURG - The African National Congress (ANC) in Limpopo has confirmed that its provincial finance manager Imtyaaz Mohamed has resigned after being implicated in the VBS Mutual...

Floyd Shivambu Rubbishes Claims on VBS Home Loan For Parents

JOHANNESBURG – Economic Freedom Fighters (EFF) deputy leader Floyd Shivambu has dismissed a report further linking him and his brother to the looting of...
Floyd Shivambu

EFF’S Shivambu Used Influence To Secure VBS Bank Loan For Parents’...

JOHANNESBURG – New information has emerged claiming Economic Freedom Fighters (EFF) deputy president Floyd Shivambu used his influence with VBS Mutual Bank's management to secure a home loan for...
VBS mutual bank

Seven Mayors Linked To VBS Looting Scandal Refuse To Step Down

Seven mayors in the North West, including four implicated in a report on the collapse of VBS Mutual Bank, are refusing to resign in...
VBS mutual bank logo

Court Orders Liquidation For VBS Mutual Bank

It is the end of the road for VBS Mutual Bank after the High Court in Pretoria ordered a final liquidation in a court...
VBS Mutual Bank building with ATM

2 Accountants Implicated In VBS Bank Looting To Appear Before Saica...

JOHANNESBURG – Two accountants implicated in the VBS Mutual Bank fraud are expected to appear before a disciplinary hearing by the South African Institute of Chartered Accountants...

Limpopo Municipal Managers, CFOs Who Deposited Money With VBS Bank Suspended

Limpopo Premier Stan Mathabatha has announced the suspension of municipal managers and chief financial officers in several Limpopo municipalities which illegally deposited money with...
President Cyril Ramaphosa

Ramaphosa To Be Questioned About VBS Scandal

President Cyril Ramaphosa is set to be grilled on when he first knew about allegations of looting at VBS Mutual Bank and when he took action.Ramaphosa will...

DA Opens Criminal Case Against Zweli Mkhize Over VBS ‘Loot’

As the fallout over the scandal-plagued VBS Mutual Bank continues, the Democratic Alliance (DA)'s shadow minister for Department of Cooperative Governance and Traditional Affairs...
VBS Mutual Bank building with ATM

Registrar Of Banks Files For Liquidation VBS

The Prudential Authority, formerly known as the Registrar of Banks, has filed court papers seeking the liquidation of VBS Mutual Bank.In a press statement...
VBS mutual bank logo in the bank.

Government Says It Will Protect The Little Man In VBS Fallout

JOHANNESBURG: Among his last written replies to questions from Members of Parliament, former minister of finance Nhlanhla Nene said any government guarantee to facilitate...

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Elephants in Botswana; Botswana has lifted the ban on big game hunting.

Botswana Lifts Ban On Big Game Hunting

Botswana, home to almost a third of Africa’s elephants, lifted a ban on big game hunting on Wednesday, citing growing conflict between...