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Pamela Phala

VBS CEO determined terms of PIC credit facility

1 April 2019, 9:00 PM

The Commission of Inquiry into allegations of impropriety at the PIC has heard that VBS CEO Andile Ramavhunga was instrumental in determining the terms of a R350 million revolving credit facility issued by the PIC.

ANC Members

SACP march against VBS looters disrupted by ANC supporters

1 March 2019, 7:13 PM

The African National Congress (ANC) supporters and members who stopped the South African Communist Party (SACP) protest march against VBS looters in Polokwane, Limpopo, say they were protecting the offices from vandals.

VBS logo

Jobs of N West mayors implicated in VBS scandal safe

28 February 2019, 11:15 AM

The positions of North West mayors, whose municipalities invested illegally with the controversial VBS Mutual Bank, are still safe.

“Forensic investigation into VBS looting at an advanced stage”

16 February 2019, 9:11 PM

President Cyril Ramaphosa says the forensic investigation into the VBS looting is at an advanced stage.

N West mayors involved in VBS Bank saga face criminal charges

26 December 2018, 2:16 PM

North West Premier Job Mokgoro says four dismissed mayors of municipalities that invested with VBS Bank will face criminal charges.

ANC Flag

Process to replace mayors implicated in VBS scandal begins

14 December 2018, 11:27 AM

The African National Congress has started the process of replacing the seven mayors dismissed on Tuesday after the VBS scandal.

VBS Bank

Giyani municipality employees fear salary cuts following VBS scandal

14 December 2018, 7:31 AM

Workers at the Greater Giyani municipality in Limpopo have expressed fears that they might face salary cuts due to the municipality’s investment into the now liquidated VBS Mutual Bank.

VBS mutual Bank

Criminal cases to be opened against officials implicated in VBS looting: Mathabatha

11 December 2018, 5:30 PM

Limpopo premier Stan Mathabatha says criminal cases will be opened against municipal officials implicated in transferring millions of rands in public funds to the now liquidated VBS mutual bank.

Premier Stan Mathabatha

Limpopo mayors implicated in VBS scandal to know their fate

11 December 2018, 5:40 AM

Limpopo mayors who deposited more than R500 million meant for service delivery in the now liquidated VBS mutual bank will know their fate on Tuesday.

Premier Stan Mathabatha

ANC members implicated in VBS scandal not included in party list

9 December 2018, 7:04 AM

ANC members in Limpopo implicated in the VBS saga have not been included the party lists for the provincial and national elections. The ANC in Limpopo held its lists conference in Polokwane on Saturday.



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