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Tag Archives: VBS

Presidency labels VBS allegation ‘baseless, unsubstantiated’

15 October 2018, 4:07 PM

President Cyril Ramaphosa has categorically rejected reports that he failed to take action on the VBS Bank saga despite being alerted to irregularities in 2017.

Nzimande adds that those who commit crime should face the full might of the law

People looted VBS because they could get away with it: Nzimande

14 October 2018, 4:00 PM

SACP General Secretary, Dr Blade Nzimande, says people looted VBS bank because they know nothing will happen to them.

VBS Bank corruption report author hopes for swift action by NPA

11 October 2018, 10:40 AM

The author of VBS bank corruption report Advocate Terry Mutau says he hopes there will be swift action by the NPA to bring those implicated in the bank’s downfall to book.

S Africa should seek damages from KPMG over bank graft: central bank probe

10 October 2018, 9:22 PM

South Africa should seek damages from global auditor KPMG for the role it played in a corruption scandal that saw at least 1.9 billion rand ($130 million) stolen from local bank VBS, a central bank investigation published on Wednesday said.

Municipalities battle to provide services after VBS scandal

10 September 2018, 2:56 PM

Limpopo municipalities that invested with the troubled Venda Building Society Mutual Bank or VBS are battling to provide services to communities.

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