VBS saga: Hawks investigating 7 former Limpopo mayors

2018-12-13 17:16

The Hawks areinvestigating the seven municipal mayors forced to resign by the ANC in Limpopo over their involvement in the infamous VBS Mutual Bank scandal.

Supra Mahumapelo 'vigorously encouraged' North West municipalities to invest with VBS - report

2018-11-09 08:58

According to the Mail & Guardian, the former North West premier introduced VBS to municipal officials at a meeting last year.

Ramaphosa: VBS can rise from the ashes

2018-11-06 14:51

VBS should serve the poor and those in rural areas as it was intended to - once it has risen "from the ashes", President Cyril Ramaphosa has said.

VBS: ANC's integrity commission wants implicated members to step aside

2018-10-29 09:08

The ANC’s integrity commission has recommended to the party’s leadership that all party members implicated in the VBS Mutual Bank scandal step aside from leadership positions and activities.

Mogajane met with boss of VBS shareholder, Sunday Times reports

2018-10-28 14:32

National Treasury director general Dondo Mogajane was invited to the private home of Vele Investments executive chair Tshifhiwa Motodzi before the collapse of VBS Mutual Bank, Sunday Times reported on Sunday.

Treasury DG met with VBS bosses - report

2018-10-28 12:41

Treasury's director-general reportedly met with VBS executives to help them comply with banking regulations.

Government says it will protect the little man in VBS fallout

2018-10-26 08:26

Municipalities suffered millions in losses when after depositing a combined amount of R1.5bn in public funds in VBS Mutual Bank, but government will not bail out municipalities that used the bank against the Reserve Bank's advice.

Mkhize opens up about mystery R60m 'erroneously' transferred to a North West municipality

2018-10-23 14:29

Minister of Cooperative Governance and Traditional Affairs Zweli Mkhize says that the department had erroneously transferred an additional R60m to a municipality in the North West province, and had trouble recovering the funds.

Wolves at VBS bank's door: Mahikeng wants its R84m investment back

2018-10-23 06:06

Mahikeng Local Municipality has launched an urgent court bid to liquidate VBS Mutual Bank and recover an R84m investment.

VBS scandal: Maimane will soon quiz Ramaphosa on when he first became aware of looting

2018-10-19 13:24

DA leader Mmusi Maimane has been told that he will soon have the chance to pose his urgent question to President Cyril Ramaphosa about whether the president had prior knowledge of grand-scale looting at VBS Mutual Bank.


GEPF's Mokate: Pension fund healthy despite Steinhoff, VBS 'elephants in the room'

2018-12-03 16:55

The Government Employee Pension Fund has impaired Lancaster 101, Steinhoff's BEE partner. The state pension fund is invested in Lancaster through the Public Investment Corporation. Other impairments included Independent News Media and Agri Poultry.

VBS scandal: Mayor explains 'shady' R60m investment, blames former boss

2018-11-06 22:29

Limpopo's Capricorn District Municipality Mayor John Mpe has detailed how the entity came to invest R60m into VBS Mutual Bank, blaming his predecessor, Gilbert Kganyago.

Limpopo govt backs municipalities in their handling of VBS saga

2018-11-02 10:56

The Limpopo government has given the thumbs up to municipal councils that have suspended or dismissed officials involved in the VBS Mutual Bank.

5 Questions: Steinhoff, KPMG, VBS - Saica acting CEO on how the accounting industry is feeling the heat

2018-10-28 16:59

From Steinhoff CEO Markus Jooste to several senior KPMG staff and a number of VBS Mutual Bank executives, acting CEO of the SA Institute of Chartered Accountants Fanisa Lamola talks to Fin24 about the state of the accounting industry in SA.

Maimane: ANC must pay back the VBS money in 7 days

2018-10-28 13:34

DA leader Mmusi Maimane says the ANC must pay back the money it allegedly received from VBS Mutual Bank bosses.

ANC received R2m donation from VBS - report

2018-10-28 09:26

The Sunday Times reports that the ANC received a donation from VBS during its 2016 election campaign.

OVERVIEW: VBS Parliamentary debate - ANC wants 'to deal with corruption decisively'

2018-10-23 18:30

During the National Assembly debate on the report into the VBS bank looting, ANC MP Yunus Carrim made it very clear that the ANC wants to deal with corruption decisively, despite whatever mistakes the party made in the past.

Floyd Shivambu's fantastical tirade shows fear within the EFF

2018-10-23 12:05

Floyd Shivambu's latest shenanigans and his party's campaign to intimidate the media and insult all their critics with wild, unsubstantiated gossip show that the EFF is worrying, writes Max du Preez.

ANC integrity commission has started looking into VBS scandal

2018-10-22 13:22

The chairperson of the ANC's integrity commission says it has started looking into the VBS Mutual Bank saga and is hoping to meet in the coming weeks with its members who were implicated.

VBS scandal: Parliament's ethics committee to investigate Floyd Shivambu's role

2018-10-18 12:14

Parliament’s joint ethics committee is to investigate EFF chief whip Floyd Shivambu’s possible conflict of interest in payments received from his younger brother, Brian Shivambu.

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