How VBS plotters helped kill another bank, this time in Namibia

2019-11-15 08:09

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.

Floyd Shivambu used VBS 'slush funds' to pay for his lifestyle - report

2019-10-14 08:55

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.

Floyd Shivambu admits VBS money used to buy Range Rover - report

2019-09-27 13:49

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.

Malema: I have a crocodile called Pravin by the tail

2019-05-28 13:06

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.

'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.


EXCLUSIVE | Action expected soon on VBS looting - Hawks head

2019-11-10 08:00

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.

Shivambu to be reported to Parliament's ethics committee over wedding funds report

2019-10-07 17:08

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.

DA to report Malema to Parliament for not declaring his interest in investment firm

2019-09-10 20:31

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.

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.

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