VBS Mutual Bank
- South Africa News
Human Settlements Minister Thembi Simelane denies corruption allegations
Human Settlements Minister Thembi Simelane has once again defended herself against allegations of corruption, this time regarding her former role…
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Ex-municipal manager sentenced in R230 million VBS Bank scandal
Ex-municipal manager sentenced in R230 million VBS Bank scandal! A former manager from the Fetakgomo-Tubatse Local Municipality, Johannes Mohlala, was…
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President Ramaphosa to address Thembi Simelane issue soon
President Cyril Ramaphosa, facing criticism by political parties for being too slow to act on Justice Minister Thembi Simelane over…
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ActionSA opens criminal charges against Thembi Simelane over VBS loan saga
ActionSA has opened criminal charges against Justice Minister Thembi Simelane, over her controversial VBS Mutual Bank loan. Simelane has been…
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Justice Minister Thembi Simelane to clarify VBS issues to Parliament
Embattled Justice and Constitutional Development Minister Thembi Simelane is expected to explain her involvement in the VBS Mutual Bank scandal…
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Justice Minister Thembi Simelane to appear before Parliament this week over VBS
Justice and Constitutional Development Minister Thembi Simelane will appear before the Portfolio Committee of Justice and Constitutional Development on Friday,…
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2 VBS Mutual Bank accused seek to challenge their arrest
Two of the accused in the VBS Mutual Bank matter, Danny Msiza and Kabelo Matsepe, want to challenge the propriety…
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AfriForum takes a swipe at the NPA for alleged reluctance to go after Malema & Shivambu
Lobby group AfriForum has accused the National Prosecuting Authority (NPA) of being afraid to go after Julius Malema over his…
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First VBS Mutual Bank convict Phillip Truter was released on parole months ago
Phillip Truter, the first person to be sentenced for his role in the grand looting of VBS Mutual Bank, was…
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Here’s how VBS Mutal Bank allegedly bankrolled the EFF
In the ongoing fallout from the VBS Mutual Bank scandal, an affidavit by former VBS chair Tshifhiwa Matodzi has directly…
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EFF’s Julius Malema shrugs off VBS allegations
As more details of the VBS Mutual Bank collapse are revealed, the Economic Freedom Fighters (EFF)’s Julius Malema, who has…
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Former chair Tshifhiwa Matodzi implicates Malema & Shivambu in dodgy dealings with VBS Mutual Bank
An affidavit made by disgraced former VBS Mutual Bank chairman has implicated Economic Freedom Fighters (EFF) leaders Julius Malema and…
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Hawks make over 500 arrests in first 3 months of 2024, nearly half of them for fraud
The Hawks made nearly 550 arrests that ended up in court in the period January to March, almost half of…
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33 arrested in VBS Mutual Bank scandal: Hawks Head
Head of the Directorate for Priority Crimes Investigation (Hawks), Godfrey Lebeya, says they have made great strides in tackling some…
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SA Reserve Bank rolls out deposit insurance fund to protect consumer savings
The South African Reserve Bank (SARB) has finally rolled out the deposit insurance fund – which is set to protect…
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Murder trials linked to VBS Bank set to resume in Limpopo
Two prominent murder trials related to a political killing and the VBS Mutual Bank scandal are expected to resume in…
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VBS minority shareholders have not yet recovered their money
The minority shareholders of the defunct VBS mutual bank have not yet recovered their money, five years after the bank…
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Dipuo Peters & Floyd Shivambu fail to evade sanctions in Parliament
The Deputy Minister of Small Business Development, Dipuo Peters, and Economic Freedom Fighters (EFF) member of Parliament (MP) Floyd Shivambu…
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Ex-Thulamela municipal manager pleads guilty over R30 million VBS Mutual Bank investment
Former Thulamela municipal manager, Hlengani Maluleke, was arrested for investing R30 million of municipal funds in the VBS Mutual Bank…
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VBS Mutual Bank case postponed to October due to unavailability of judge
The case against 14 people accused of looting the VBS Mutual Bank has been postponed to 2 October. They are…
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Limpopo ANC to refer officials implicated in VBS scandal to integrity commission
Following an instruction from the African National Congress (ANC)’s national working committee to conclude pending issues around collapsed VBS Mutual…
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R61 million sequestration order granted against VBS fixer
Former ANC Youth League leader accused of being the middleman in the looting of the now defunct VBS Mutual Bank…
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Prasa: Martha Ngoye’s disciplinary hearing won’t be conducted in the media
The Passenger Rail Agency of South Africa (Prasa) said that it would not be conducting the disciplinary hearing of suspended…
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Prasa whistleblower Martha Ngoye: I feel betrayed by country
The whistleblower responsible for exposing the vast corruption at the Passenger Rail Agency of South Africa (Prasa), Martha Ngoye, said…
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Jacob Zuma Foundation to study ruling on R6.5 million VBS Mutual Bank loan
The Jacob Zuma Foundation said that it would study a judgment by the High Court in Pietermaritzburg, which has ruled…
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Ex-Mahikeng municipal manager charged over VBS investment to make representation to the State
Former municipal manager of Mahikeng Local Municipality in North West, Thabo Mokoena, facing charges related to the VBS Mutual Bank…
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Limpopo ANC leader Msiza nomination nullified due to step-aside rule
Influential Limpopo ANC leader Danny Msiza’s nomination from delegates at the provincial conference has been nullified as he is currently…
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Limpopo ANC PEC denies Waterberg request for regional conference
An evening provincial executive committee meeting has dashed the hopes of those in support of Soviet Lekganyane to use Waterberg…
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Ex-Collins Chabane Municipality CFO arrested in VBS scandal
The former chief financial officer at Collins Chabane Municipality has been arrested. The suspect is facing charges for his alleged…
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Busisiwe Mkhwebane implores Limpopo municipalities to implement Motau VBS Bank report
Public Protector Busisiwe Mkhwebane on Thursday implored Limpopo municipalities to implement recommendations of reports on the now-defunct VBS Mutual Bank.…
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Busisiwe Mkhwebane orders Limpopo leaders to implement VBS remedial actions
Public Protector Busisiwe Mkhwebane has ordered Limpopo Premier Stan Mathabatha and his cooperative governance, human settlement, and traditional affairs MEC…
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ANC’s Maphefo Letsie and Boyce Maneli cleared of any wrongdoing in VBS bank saga
The African National Congress (ANC)’s national dispute resolution committee (NDRC) has set aside the Gauteng party’s decision for Merafong Mayor…
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Limpopo municipality receives R22 million from VBS Bank liquidators
A district municipality in Limpopo, ravaged by poverty, has received a token payment of R22 million from the VBS Mutual…
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Mahikeng municipal manager accused of taking 2 cars & house in VBS scandal appears in court
Former Mahikeng local municipality municipal manager Thabo Isaac Mokoena appeared in the Molopo Magistrate’s Court on Tuesday. According to Henry…
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Ex-Mahikeng municipal manager in court for VBS investment
Former municipal manager of Mahikeng local municipality, Thabo Mokoena, arrested on charges related to the VBS Mutual bank scandal, appeared…
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Limpopo ANC bigwig wants separate trial as VBS fraud case postponed
The case against 14 suspects accused of corruption in connection with the collapse of VBS Mutual Bank has been postponed…
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VBS pre-trial hearing postponed
The pre-trial hearing of the VBS Mutual Bank case has been provisionally postponed to January next year because the defence…
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VBS looting suspect granted bail
A 59-year-old former official in Mahikeng Local Municipality has been granted R50,000 bail. This is in connection to charges relating…
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More VBS Mutual Bank suspects to face the music
THE Hawks’ Serious Corruption Investigation Team on Tuesday arrested a 59-year-old suspect in Klerksdorp in connection with corruption relating to…
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Another VBS looting suspect arrested
The Hawks have made yet another arrest related to VBS Mutual Bank looting. A 59-year-old suspect has been arrested in…
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Case against 14 accused of VBS corruption postponed to October
The case against 14 suspects accused of corruption in connection with the collapse of VBS Mutual Bank on Monday was…
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VBS mutual bank accused expected in court
14 people accused of VBS mutual bank corruption are expected in court on Monday. Pre-trial proceedings are set to begin…
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Limpopo ANC appoints bigwigs in bid to fight corruption
The Limpopo ANC has appointed some of its top brass from different regions to help it fight the scourge of…
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ANC mayor who was fired gives Limpopo PEC the middle finger
Avhashoni Tshifhango of Thulamela Local Municipality in Thohoyandou was fired last week by the ANC in Limpopo for allegedly failing…
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Busisiwe Mkhwebane: Municipalities that invested with VBS bank suffered big blow
Service delivery in the 14 municipalities that invested in the now collapsed VBS Mutual Bank has suffered a big blow…
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Busisiwe Mkhwebane: Municipal funds invested in VBS could’ve improved service delivery
Money invested by municipalities in the now-defunct VBS Mutual Bank could have been used to improve service delivery to communities,…
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Former West Rand municipality execs arrested over VBS bank corruption
In a statement on Monday, Hawks spokesperson Colonel Katlego Mogale said a former municipal manager and a former manager for…
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Julius Malema calls for Gwede Mantashe and Nomvula Mokonyane arrests over Bosasa saga
Economic Freedom Fighters (EFF) leader Julius Malema says ANC national chair and Minister of Mineral Resources and Energy Gwede Mantashe…
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Julius Malema: Brian Shivambu’s VBS debt doesn’t mean he’s guilty
EFF leader Julius Malema says the acknowledgment of debt signed by Brian Shivambu to pay back R4.5 million to VBS…
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VBS bank scandal haunts Limpopo mayor
The future of a Limpopo mayor entangled in the investment of municipal millions into the collapsed VBS Mutual Bank looks…
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