Ramaphosa: We are ashamed of what happened at VBS Mutual Bank

2018-07-16 21:28

President Cyril Ramaphosa says that the developments at VBS Mutual Bank are shameful and the culprits who stole from depositors must be dealt with in terms of the law.

PIC legal head quits following VBS testimony

2018-07-13 17:37

The Public Investment Corporation says its executive head for legal counsel, governance and compliance has resigned with immediate effect.

Fake clients, suitcase of cash and a chopper - how VBS allegedly dealt with ‘R1.5bn fraud’

2018-07-13 11:34

Elaborate plans, including creating fake clients, were discussed hours after VBS Mutual Bank was placed under curatorship following the internal looting of R1.5bn funds, it has been alleged in court papers.

How VBS Mutual Bank was plundered

2018-06-24 06:02

Bank statements show how a king and some of the bank’s former executives allegedly looted millions to pay for luxury cars, home loans and clothing.

Viceroy may attack another SA company this week, warns Capitec CEO

2018-05-30 12:32

Short-seller Viceroy may attack another South African company, said Capitec CEO Gerrie Fourie.

Best of City Press: VBS Bank loans bonanza, Supra's replacement candidates, and another Gupta-linked cash scandal

2018-04-29 21:02

In case you missed it, these are some of the most popular stories from City Press on Sunday, 29 April.

KPMG hopes AG termination of contracts will be temporary move

2018-04-17 18:29

KPMG CEO Nhlamu Dlomu says she hopes Auditor General Kimi Makwetu’s decision to terminate the company’s services will be a “temporary break”.

SARB commissions forensic investigation into VBS Mutual Bank

2018-04-13 12:48

The SA Reserve Bank says it has commissioned a forensic investigation into VBS Mutual Bank, nearly a month after placing the beleaguered bank under curatorship.

R900 million is missing from VBS, the bank that gave Jacob Zuma a loan – and a columnist says it looks like 'major fraud'

2018-04-09 13:38

And the curator is reportedly worried there may have been inside deals to "extract money from the bank" to the advantage of "key individuals".

Vele Investments on board with VBS Bank curatorship

2018-03-17 11:00

One of VBS Mutual Bank’s major shareholders, Vele Investments, has dropped its legal challenge against the mutual bank’s curatorship.


'People are sleeping on the street waiting for their monies' - former VBS exec

2018-07-13 19:04

The former chief operations officer of VBS Mutual Bank says Limpopo residents were sleeping on the streets waiting for the monies they deposited in the bank where R1.5bn was looted.

EXPOSED: The power struggle rocking VBS Mutual Bank’s main shareholder

2018-07-13 12:26

A power struggle between two central figures in Vele Investments, the company which may have become beleaguered VBS Mutual Bank’s majority shareholder through fraudulent means, has led to claims that one has illegally fired the other.

VBS retail depositors to get their money back

2018-07-09 21:04

While the future of VBS Mutual Bank hangs in the balance with curatorship still in place, retail depositors of the bank will now have access to their funds.

SARB wants probe on VBS bank to see if regulators were 'asleep on the job'

2018-05-30 17:58

The Reserve Bank intends to appoint a commission to determine what went wrong at VBS Mutual Bank, according to SARB deputy governor Kuben Naidoo.

DA seeks commission of inquiry into VBS Mutual Bank

2018-05-07 21:14

The Democratic Alliance wants Registrar of Banks Kuben Naidoo to establish a commission of inquiry into VBS Mutual Bank and the municipalities which deposited funds into it.

SARB: Banks are free to choose their own auditors

2018-04-19 16:42

The South African Reserve Bank says it does not interfere with the appointment of auditors by banks, as this responsibility rests with the banks.

Ntsebeza panel considers extending KPMG inquiry to VBS

2018-04-16 16:34

Revelations around VBS Mutual Bank may be discussed at the Ntsebeza Inquiry, which is probing allegations that KPMG employees contravened codes of conduct when auditing Gupta-linked companies.

VBS Mutual Bank 'severely mismanaged' - SARB affidavit

2018-04-11 10:55

Initial findings by the curator of VBS Mutual Bank show there may have been fraudulent reporting and manipulation of financial information, according to an affidavit filed by the SA Reserve Bank.

Full day of hearings into corporate scandals in Parliament

2018-03-20 07:11

The standing committee on finance is expected to receive updates on the imbroglios at Steinhoff, KPMG, VBS Mutual Bank, the SA Revenue Service, and more.

WATCH: All you need to know about VBS Mutual Bank

2018-03-17 09:00

VBS Mutual Bank has been placed under curatorship, Fin24 unpacks how the bank got to this point.

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