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Tag Archives: VBS

Municipalities implicated in VBS corruption face probe

20 August 2018, 10:51 AM

Limpopo’s Treasury Department has appointed a forensic team to investigate alleged irregularities against ten municipalities that invested with the troubled VBS Mutual Bank.

Minister calls for strong action against CSOS officials over VBS saga

27 July 2018, 6:20 AM

Human Settlements Minister Nomaindia Mfeketo, wants actions taken against the officials at a subsidiary of her department – the Community Schemes Ombud Service (CSOS) for investing millions of rand in the controversial VBS mutual bank.

PIC executive resigns after testifying in VBS investigation

13 July 2018, 7:38 PM

The Executive Head for Legal Counsel, Governance and Compliance at the Public Investment Corporation (PIC), Ernest Nesane, has resigned.

DA lays criminally charges against VBS executives

13 July 2018, 7:08 PM

The Democratic Alliance (DA) says it wants all executives of the embattled VBS Mutual Bank to be held criminally liable for their role in alleged looting of the bank’s coffers.

VBS was put under curatorship after problems emanated from a failure of the board of directors and executives to manage the businesses rapid growth.

DA welcomes decision to give VBS depositors access to funds

10 July 2018, 10:31 AM

The Democratic Alliance (DA) says it welcomes the announcement that retail depositors at VBS will access their savings.

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