ARTICLES RELATING TO VBS BANK

Malema bites back after PowerFM caller says he deserved to be 'necklaced'

2019-05-03 18:03

A Power FM interview of EFF leader Julius Malema took a turn when a caller said on air that Malema deserved to be necklaced and was a "sellout".

Luxurious home of ex-VBS chair auctioned off for R5m

2019-04-02 18:07

The luxurious Honeydew home of the ex-chairperson of defunct VBS Mutual Bank, Tshifiwa Matodzi, has been auctioned off.

Politics and ethics walk into a bar...

2018-11-04 06:00

President Ramaphosa has moved exactly as a leader should – no rush of blood to the head, no unattainable promises. He has called a halt to state capture, and asked us to look at how it all worked, writes David Everatt.

Mboweni: VBS 'greed and corruption' undermines development

2018-10-24 14:52

Finance Minister Tito Mboweni says the collapse of VBS Mutual Bank shows how greed and corruption impact development.

SABC probing possible editorial code breaches over VBS scandal coverage

2018-10-20 11:30

The South African Broadcasting Corporation says it is probing possible breaches in its editorial code regarding the coverage of the VBS Mutual Bank debacle by its newsroom in Polokwane.

Malema: Linking EFF to VBS an attempt to weaken the party

2018-10-16 21:26

EFF leader Julius Malema says the party is confident that his deputy Floyd Shivambu did not receive R10m from his brother Brian Shivambu after he produced his bank statements dating back to 2014.

Presidency denies Ramaphosa knew and failed to act on VBS looting

2018-10-15 16:14

President Cyril Ramaphosa has rejected reports that he knew about the problems at VBS but failed to take action.

Ramaphosa calls for harsh action against 'VBS crooks'

2018-10-13 22:41

President Cyril Ramaphosa wants developments around the VBS scandal to be dealt with swiftly, adding that all the individuals implicated should face the music.

Floyd Shivambu's brother received R16m from VBS

2018-10-10 15:59

Brian Shivambu, the brother of EFF deputy president Floyd Shivambu, received R16m from the now collapsed VBS Mutual Bank, according to a report compiled by advocate Terry Motau, and released by the SA Reserve Bank.

ANC's obsession with the cookie jar

2018-08-13 12:15

There are two interesting developments that should worry those monitoring government's ability to manage public funds properly, writes Ralph Mathekga.

 

'I don’t sleep, I feel like I could just die' – VBS bank heist victim on losing her money

2019-04-05 16:11

A Limpopo mom opens up about how losing her life savings in the VBS collapse has shattered all her dreams for her family’s future.

PIC business model in the spotlight on first day of inquiry

2019-01-21 17:43

The process, headed by former president of the Supreme Court of Appeal Lex Mpati, heard, among other things, how the PIC conducts due diligence, valuates investments and identifies conflicts of interest among members of its board.

VBS scandal: Makhado municipal officials face DA motion of no confidence

2018-10-30 13:26

Two top Limpopo municipal officials are expected to be on the receiving end of a motion of no confidence for allegedly investing R63m with VBS Mutual Bank without following proper procedures.

Gungubele: Rescuing VBS would send message that 'criminals can steal' and state will bail out

2018-10-21 12:34

Deputy Finance Minister Mondli Gungubele warns against a VBS bailout, says rescuing the bank would send a message that “criminals can steal” and the state would pay, reports the Sunday Times.

Khrushchev, Malema and the cult of the individual

2018-10-17 06:59

Judging by Tuesday's press conference there's no indication that the EFF will heed Khrushchev's admonition of his comrades some 62 years ago to abolish the cult of the individual, writes Pieter du Toit.

Insanity and madness over VBS: EFF fails to practise what it preaches

2018-10-16 17:14

Malema has essentially pronounced to the voting public that the VBS allegations surrounding the Shivambu brothers are baseless – before he has been presented with all the facts.

The VBS scandal and the democratisation of corruption

2018-10-15 08:36

The greatest risk any democracy will face is that the system comes across as interested only in serving those few who are politically connected, writes Ralph Mathekga.

EFF ignores Shivambu family link in VBS reaction statement

2018-10-10 21:39

The EFF has expressed its concern about a report revealing large-scale fraud at VBS Mutual Bank, but hasn't mentioned a word about the relative of one its leaders, who was named as a participant in a "looting scheme".

VBS looting: KPMG and former exec under fire in report about ‘bank heist’

2018-10-10 13:41

A damning report into the looting of VBS Bank has found that former KPMG partner Sipho Malaba knew about the cash shortage of nearly R1bn at the bank but signed off on its financials anyway - benefitting by roughly R28m for his efforts.

Ex-VBS boss temporarily 'saved' bank to conceal fraud, advocate alleges

2018-08-01 12:05

The former COO of VBS Mutual Bank ensured R18m was paid to the institution to try to solve a liquidation problem, it has been claimed in the Gauteng High Court.

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