VBS minority shareholders have appointed a legal team to challenge the ruling of the Pretoria High Court granting the South African Reserve Bank (SARB) a final order to liquidate VBS.
One of the disgruntled VBS Mutual Bank depositors wants those responsible for the looting of the bank to face the full might of the law.
Cosatu has marched to the office of the premier in Polokwane to demand action against people involved in the VBS downfall.
The Reserve Bank has welcomed the Pretoria High Court decision granting them permission to liquidate assets of VBS Mutual Bank.
The ANC in Limpopo says it is deeply saddened by the news that the Pretoria High Court has granted the Reserve Bank permission to liquidate VBS mutual bank.
The Chairperson of Parliament’s Standing Committee on Finance Yunus Carrim has reiterated that he does not know of any money from VBS Mutual Bank which was allegedly given to the South African Communist Party.
South African Communist Party (SACP) national spokesperson, Alex Mashilo has rejected media reports suggestions that the SACP received money from the soon to be defunct VBS.
The leadership of the SACP will meet on Monday to discuss a newspaper report which implicates the party in essentially taking a bribe from VBS Mutual bank.
Cooperative Governance and Traditional Affairs (Cogta) Minister Dr Zweli Mkhize says a forensic report will be released at the end of this month to reveal how several municipalities invested millions of rands with the controversial VBS bank.
The South African Local Government Association, (SALGA) says it does not believe that it will be possible to recover the millions of rand invested by some municipalities in the collapsed VBS Mutual Bank