VBS Mutual Bank
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South Africa News
8th VBS Bank heist suspect arrested
An eight suspect in the VBS Mutual Bank investigation has been arrested by the Hawks’ serious corruption investigation team. The…
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South Africa News
Court doesn’t believe VBS accused can’t afford R100K bail each
Magistrate Brian Nemavhidi accused the alleged looters of VBS of trying to ‘stretch the hand of the court’ by claiming…
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Business and Technology
Hawks arrest top VBS Mutual Bank officials
The Hawks has arrested top VBS Mutual Bank officials linked to the looting of the bank. VBS Mutual Bank collapsed…
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Covid-19 Updates
VBS shuts its doors due to Covid-19
The ill-fated VBS Mutual Bank has shut operations at its Thohoyandou branch and its Rivonia, Johannesburg, corporate office due to…
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South Africa News
Jacob Zuma to fight VBS loan summons to avoid losing Nkandla – reports
Former President Jacob Zuma has filed a notice of intent to fight a summons filed by VBS Mutual Bank for…
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South Africa News
DA slams NSFAS for VBS Mutual Bank tender
The DA said on Wednesday it was “deplorable” that the National Student Financial Aid Scheme (NSFAS) had awarded a tender…
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South Africa News
PIC welcomes decision to declare two former VBS directors delinquent
The PIC has welcomed a court decision to declare its former employees implicated in the VBS Mutual Bank saga ‘delinquent…
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South Africa News
Malema rubbishes VBS cash link to EFF Eyadini bash
Economic Freedom Fighters (EFF) leader Julius Malema has again rubbished claims that stolen money from the VBS Mutual Bank funded…
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South Africa News
EFF responds to financial mismanagement accusations
The EFF is denying accusations of financial mismanagement made by the party’s senior official Thembinkosi Rawula against Julius Malema and…
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South Africa News
Malema, Shivambu accused of financial mismanagement
A former senior EFF leader in its central command team has accused party president Julius Malema and his deputy Floyd…
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South Africa News
ANC Limpopo fires six mayors over VBS scandal
ANC Limpopo fires six mayors over VBS scandal. The ANC Provincial Executive Committee in Limpopo has made a decision to…
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South Africa News
Reserve Bank heads to court to have VBS shut down
The South African Reserve Bank wants to close down VBS Mutual Bank. The Reserve Bank applied to the North Gauteng…
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South Africa News
ANC vows to return money received from VBS Mutual Bank
ANC officials who have been implicated in the Great Bank Heist report that was commissioned by the South African Reserve…
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South Africa News
DA refers KPMG to Independent Regulatory Board for Auditors
The Democratic Alliance has asked the Independent Regulatory Board for Auditors (IRBA) to do a thorough review of KPMG’s conduct…
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South Africa News
Cosatu Limpopo set to take action against VBS looters
Provincial secretary Gerald Twala said the labour federation would organise marches to seven Limpopo municipalities who illegally deposited a combined…
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South Africa News
VBS Mutual Bank retrenches 94 employees
VBS Mutual Bank will retrench 94 employees. The job cuts have been under discussion since July this year after VBS was…
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South Africa News
Vhembe district mayor denies knowledge of dealing with VBS
Vhembe district municipality Mayor Florence Radzilani has claimed she was not aware that the municipality had conducted any business with…
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Business and Technology
KPMG cited continues to be silent about VBS Bank mess
Embattled KPMG is set to take a huge financial knock over its role in the near R2billion fraud scandal that…
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South Africa News
Ramaphosa dismisses claims he was forewarned about VBS looting
President Cyril Ramaphosa on Monday rejected reports that he was aware of wide-scale looting at VBS Mutual Bank and had…
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South Africa News
Maimane to question Ramaphosa in Parliament over VBS bank allegations
According to reports, Cyril Ramaphosa had prior knowledge of grand corruption and looting at VBS. The Democratic Alliance is considering…
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