VBS Mutual Bank

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Local

Justice Minister set to face Parliament over VBS loan scandal

By Vusuthando Percyvil Dube Thembi Simelane, Minister of Justice and Constitutional Development, is scheduled to testify before Parliament's Portfolio Committee on Friday, following allegations that she got a R575,600 loan from a VBS bank employee during her stint as Polokwane mayor. The announcement follows ANC Secretary General Fikile Mbalula's statement that Simelane has provided a full account of her actions and is cooperating with the investigation. “She will go to […]

today4 September 2024

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Local

The court has agreed to a separate trial following VBS saga

By Kouthar Sambo The former African National Congress Youth League (ANCYL) leader Kabelo Matsepe and former provincial ANC treasurer Danny Msiza, who are accused of soliciting deposits by various municipalities into VBS Mutual Bank, requested the court to separate their trial from the rest of the 12 accused. The court has agreed to a separate trial. Speaking on VOC's PM Drive on Tuesday, a political analyst Redge Nkosi, said this […]

today20 August 2024

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News

VBS Bank Saga: Pre-Trial hearing postponed amid new developments

By Ragheema Mclean The pre-trial hearing for several accused in the VBS Mutual Bank fraud case has been postponed to 14 August, pushing the highly anticipated case back into the spotlight. This follows allegations that billions were looted from the bank’s coffers, marking a crucial phase in this long-standing legal battle. The accused include prominent figures such as the bank’s former CEO, Andile Ramavhunga, ex-treasurer Phophi Mukhodobwane, former Limpopo ANC […]

today24 July 2024

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