The manager of the embattled Mahikeng Local Municipality in the North West Thabo Mokoena has accused the media, including the SABC, of being used to tarnish his reputation and that of the municipality.
United Democratic Movement leader Bantu Holomisa has recently asked President Cyril Ramaphosa to extend the powers of the State capture inquiry or establish a new inquiry to look into the VBS Mutual Bank allegations.
The company tasked to administer the affairs of VBS Mutual Bank, Sizwe Ntsaluba Gobodo audit firm, has denied allegations by minority shareholders in the bank that the curator is not communicating with them about the problems at VBS.
A group of Venda Mutual Bank(VBS) minority shareholders has written to the Office of the President, the Minister of Finance and the South African Reserve Bank complaining about lack of communication between them and the curator administering the affairs of the bank.
Reserve bank Deputy Governor, Kuben Naidoo says they have established that the liquidity problems at the VBS Mutual Bank are more severe than they’d initially anticipated.