Efforts to revive VBS Bank under way

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
The SA Reserve Bank has received a letter requesting the VBS Mutual Bank licence to be reactivated
The SA Reserve Bank has received a letter requesting the VBS Mutual Bank licence to be reactivated

NEWS

The SA Reserve Bank has received a letter requesting the VBS Mutual Bank licence to be reactivated.

The letter, sent by the Matsila Community Development Trust on behalf of the VBS Shareholders’ Forum, has officially requested the Reserve Bank to help governor Lesetja Kganyago facilitate a meeting with a view to initiating a process for the “ultimate restoration of the VBS Bank to its former glory”.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
ANC secretary-general Ace Magashule has written a letter suspending party president Cyril Ramaphosa in apparent retaliation after he was served with a letter of suspension on Wednesday.
Please select an option Oops! Something went wrong, please try again later.
Results
He doesn't have the power
32% - 23 votes
It’s a declaration of war
19% - 14 votes
Nothing but a distraction
49% - 35 votes
Vote