VBS Mutual Bank
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South Africa News
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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Business and Technology
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
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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South Africa News
ANC Limpopo won’t take action on official implicated in VBS Bank saga
The African National Congress (ANC) in Limpopo has confirmed that the party’s provincial Treasurer Danny Msiza after his arrest in…
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South Africa News
2 municipal officials amongst 17 charged in VBS fraud, theft & corruption case
Seventeen people have now been charged with swindling VBS mutual bank of R2.3 billion. They include two municipal officials who…
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South Africa News
Seven new suspects granted bail in VBS Bank looting scandal
The Palm Ridge Magistrate’s Court has granted bail to seven people who were arrested in connection with the alleged looting…
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South Africa News
7 suspects in VBS corruption case due in court
Seven suspects arrested for their alleged involvement in the looting of VBS Mutual Bank are expected to appear in the…
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South Africa News
Julius Malema drops R1m damages claim against ex-EFF MP who claimed he benefited from VBS loot – report
EFF leader Julius Malema has reportedly dropped his R1 million defamation case against former party MP Thembinkosi Rawula, who claimed…
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South Africa News
VBS bank case heading to High Court as more suspects added
The VBS Mutual Bank case is headed for the High Court. The case came briefly before the Palm Ridge Magistrate’s…
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South Africa News
More arrests and more charges expected in VBS bank heist case
More arrests are expected over the R2 billion stolen from VBS Mutual Bank, with the National Prosecuting Authority (NPA) and…
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South Africa News
VBS co-accused to return to court
Seven people arrested in connection with the VBS mutual bank heist will return to the Palm Ridge magistrate’s court on…
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South Africa News
Former CFO Phillip Truter handed 10-year sentence after pleading guilty
The former chief financial officer of the VBS Mutual Bank, Phillip Truter, was on Wednesday sentenced to ten years in…
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South Africa News
Hawks expect to make more corruption related arrests in Durban
The Hawks said that they planned to make more arrests for corruption and this time they would be swooping on…
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