Former PIC CEO Dr Dan Matjila has denied receiving R5 million cash from VBS in return for facilitating funding for the now defunct mutual bank.
The Limpopo Premier, Stan Mathabatha, says they have enforced accountability at a political level in relation to the VBS Mutual Bank saga.
Former Public Investment Corporation (PIC) Chief Executive Officer Dan Matjila has denied allegations that he had a loan facility from the now defunct VBS Mutual Bank. Matjila was testifying at PIC Commission of Inquiry.
Advocate Jannie Lubbe, the evidence leader of the PIC Commission of Inquiry says a PricewaterhouseCoopers (PwC) lifestyle audit on Former PIC CEO Dan Matjila has not picked up any R2.45 million VBS Mutual Bank loan.
The Hawks are hoping to make a breakthrough in their investigation into VBS Mutual Bank after they raided and seized documents and computer hard drives at the Free State Development Corporation in Bloemfontein on Friday.
Gauteng Economic Development MEC Kgosientso Ramokgopa says he will establish a mutual bank in the province within a year.
Ordinary people, mainly villagers from the rural Vhembe District in Limpopo, who deposited all their savings into the now liquidated VBS Mutual Bank, are concerned that they might never get their money.
The Democratic Alliance (DA) in the Ephraim Mogale municipality in the Sekhukhune area of Limpopo has rejected a VBS report which recommends that the municipal manager involved in depositing millions of rand in VBS mutual bank, be suspended for three months.
The forum of minority shareholders in the defunct VBS Mutual Bank says the Reserve Bank has blocked funds transferred to the now liquidated bank.
Democratic Alliance (DA) leader Mmusi Maimane is accusing Limpopo government of not taking action against officials suspected of involvement in the looting of the VBS bank.