VBS Mutual Bank
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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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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