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.

Magashule in talks with VBS Mutual Bank

2018-03-14 18:55

ANC secretary general Ace Magashule has met with VBS Mutual Bank as the process of its curatorship by the SA Reserve Bank continues.

PIC undertakes to cooperate with VBS Mutual Bank curator

2018-03-12 20:30

The PIC, one of the main shareholders of VBS Mutual Bank, says it will cooperate with the bank’s curator to find a way forward after the Reserve Bank placed VBS under curatorship.

SARB not attacking a 'black bank' - Kganyago

2018-03-11 19:21

Reserve Bank governor Lesetja Kganyago has slammed ideas that its decision to place VBS Mutual Bank under curatorship is an attack on black-owned banks.

Best of City Press: Truth behind Ngcobo cult sex slaves, VBS Bank goes bust, and the Guptas' passport bonanza

2018-03-11 17:19

In case you missed it, these are the some of the most popular stories from City Press on Sunday, March 11.

VBS Bank at risk of going bust

2018-03-11 06:00

Just 18 months after shooting to prominence, VBS Mutual Bank faces the possibility of a spectacular crash - the only hope is for the Public Investment Corporation to inject R1.5bn.


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.

Coovadia on VBS curatorship: SA cannot afford a bank collapse

2018-03-15 17:02

SA cannot afford a a bank collapse while it is on the path of inclusive economic recovery, says Cas Coovadia, MD of the Banking Association of South Africa.

Want to save VBS? It's really easy, actually.

2018-03-13 14:18

The banking system is fine – but the social media storm around VBS is dangerous.

VBS bank could come out of curatorship stronger - Treasury

2018-03-12 11:03

National Treasury says placing VBS Mutual Bank under curatorship is a better option than liquidation because this aims to turn the bank around, not to close it down.

SARB places VBS Mutual Bank under curatorship

2018-03-11 17:24

The Reserve Bank has placed VBS Mutual Bank under curatorship following its liquidity crisis.

VBS Mutual Bank being victimised - EFF

2018-03-11 16:24

The Reserve Bank should only place VBS Mutual Bank under curatorship as a last resort, says the EFF.

Fixing the banking sector one loose bolt at a time

2017-12-10 06:00

Andile Ramavhunga is anything but a typical banker. He looks, walks and dresses nothing like a corporate honcho who runs one of the fastest-growing mutual banks in the country.

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