VBS minority shareholders have appointed a legal team to challenge the ruling of the Pretoria High Court granting the South African Reserve Bank (SARB) a final order to liquidate VBS.
Cosatu has marched to the office of the premier in Polokwane to demand action against people involved in the VBS downfall.
The Chairperson of Parliament’s Standing Committee on Finance Yunus Carrim has reiterated that he does not know of any money from VBS Mutual Bank which was allegedly given to the South African Communist Party.
The Reserve Bank’s application for the liquidation of the assets of VBS bank is expected to be heard in the Pretoria High Court on Tuesday.
Suspended Limpopo African National Congress Youth League secretary, Che Selane, will challenge his suspension over alleged VBS benefits in the High Court in Polokwane on Tuesday.