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KPMG top executive suspended

12 April 2018, 8:37 PM

Audit firm KPMG has suspended Sipho Malaba, a top executive who was in charge of the VBS Mutual Bank audit. VBS was placed under curatorship by the Reserve Bank, after it faced serious liquidity challenges.

WATCH: Joint Standing Committee on Finance briefing

20 March 2018, 10:40 AM

The Joint Standing Committee on Finance wants the South African Reserve Bank and various statutory and regulatory bodies to explain what is being done to rescue the VBS Mutual Bank.

Post Bank, Ithala banking licence approval under spotlight

19 March 2018, 7:10 PM

Government owned Post Bank and Ithala Development Finance Corporation were brought under the spotlight in the past week with VBS Mutual Bank being put under curatorship.

Lesetja Kganyago

Explainer: What happens when a bank is put into curatorship

19 March 2018, 4:42 PM

The South African Reserve Bank has placed a small bank – VBS Mutual Bank – under curatorship. The decision was based on concerns that the bank was facing a liquidity crisis and could collapse, devouring depositors’ funds.

David Mabuza

Mabuza to answer oral questions in parliament

19 March 2018, 7:24 AM

Deputy President David Mabuza faces his maiden session answering oral questions in the National Assembly on Monday.

SARB lacks confidence in African leadership: EFF

15 March 2018, 1:14 PM

An EFF MP said the party preferred a developmental budget that promotes local economic development.

Interdict granted against ‘no Whites and Indians’ funeral practitioners

7 March 2018, 10:45 AM

AVBOB funeral insurers was granted an interdict in the Durban High Court on Tuesday to stop the National Funeral Practitioners Association of South Africa from intimidating its employees or interfering with its business practices.

Malinga to be laid to rest

2 January 2018, 6:30 AM

The funeral service of Afro Pop legend, Robbie Malinga, will get under way at the Rhema Bible Church in Randburg in the north of Johannesburg at 8am on Tuesday morning.

Mnangagwa leaves S Africa to be sworn as interim president

22 November 2017, 3:49 PM

Former Vice President of Zimbabwe Emmerson Mnangagwa has left South Africa to return home to be sworn in as the country’s interim leader on Friday.

ANC welcomes Mugabe’s resignation

22 November 2017, 11:49 AM

ANC Chief Whip Jackson Mthembu says South Africa should learn from Zimbabwe that a liberator can turn into an unwanted dictator.

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