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Tag Archives: VBS Mutual Bank


I had to retrench employees: VBS depositor

14 November 2019, 2:38 PM

A Limpopo businessman who invested more than one million rand in the defunct VBS Mutual Bank says he had to retrench 16 workers after the bank was closed.


VBS claims will help determine looted amount: liquidator

8 November 2019, 5:20 PM

VBS Mutual Bank liquidator, Anoosh Rooplal says the claims submitted by the bank’s depositors will assist in determining the exact amount looted at the bank.


VBS liquidators to meet again on Friday

7 November 2019, 4:00 PM

One of the minority shareholders in the liquidated VBS Mutual Bank, Madambi Muvhulawa says he has accepted that it will not be possible to resuscitate the liquidated bank.

Municipalities which invested in VBS Mutual Bank facing financial crisis

16 October 2019, 6:55 AM

The Portfolio Committee on Cooperative Governance and Traditional Affairs has heard that municipalities which invested public funds in the now liquidated VBS Mutual Bank are facing financial crisis.

DA calls on Treasury to assist Limpopo Municipalities

13 October 2019, 12:43 PM

The Democratic Alliance is calling on the Treasury’s Municipal Recovery Service Unit (MFRS) to intervene in Limpopo municipalities which lost public funds in the now liquidated VBS Mutual Bank.



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