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Evidence is mounting that VBS aided another elaborate bank heist north of the border by producing fake paper trails and channeling stolen cash to fool regulators and auditors.
EFF deputy leader Floyd Shivambu was the directing hand behind two companies managed by his brother, using money stolen from the now collapsed VBS Mutual Bank to fund his lifestyle, according to a report.
EFF deputy leader Floyd Shivambu has conceded that money from the now collapsed VBS Mutual Bank was used to fund his high-end Range Rover Sport, but insists that the money is clean, according to a report.
In response to the EFF leader's comments in an interview with eNCA, a spokesperson for Gordhan said the 'most appropriate way to confront Malema' was before a court and a judge.
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.
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.
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.
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.
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.
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.
Hawks head Lieutenant General Godfrey Lebeya says he expects imminent action in the case against those responsible for looting the now-defunct VBS Mutual Bank.
The DA will report EFF chief whip Floyd Shivambu to Parliament's ethics committee after allegations that money from a slush fund was used to pay for his wedding in 2017.
The DA says because it can't find any record of lavish spending linked to EFF leader Julius Malema in a news report, it will ask Parliament to look into a possible breach of MPs' ethics.
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".
The luxurious Honeydew home of the ex-chairperson of defunct VBS Mutual Bank, Tshifiwa Matodzi, has been auctioned off.
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.
Finance Minister Tito Mboweni says the collapse of VBS Mutual Bank shows how greed and corruption impact development.
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.
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.
President Cyril Ramaphosa has rejected reports that he knew about the problems at VBS but failed to take action.
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