Tuesday, November 12, 2019
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FS Destea MEC weighs in briefly on FDC/VBS raid

The Department of Economic, Small Business Development, Tourism and Environmental Affairs (Destea) says it will continue to comply with the Hawks’ investigation into the...

Shivambu brother suffers VBS court blow, ordered to repay millions –...

EFF deputy president Floyd Shivambu’s younger brother Brian has suffered a legal blow in relation to debts owed to the liquidated VBS Mutual Bank,...

Arrests in Hawks’ FDC #VBSMutualBank investigation imminent

The Hawks’ investigation into the Free State Development Corporation’s (FDC) dealings with the now-defunct VBS Mutual Bank is at an advanced stage and arrests...

VBS Bank is no more as court grants order to liquidate...

VBS Mutual Bank has been liquidated following the North Gauteng High Court granting an order lodged by the Prudential Authority of the South African...

Institute legal action to recover VBS investments, municipalities told

Four North West municipalities who invested in the VBS Bank should institute formal legal action against the bank in an attempt to recover the...

Government to institute legal action to recover VBS money

Speaking during a briefing of the portfolio committee on Cooperative Governance and Traditional Affairs (Cogta) on Tuesday, Cogta minister Zweli Mkhize said that the outcome of...

Free State Development Corp questions VBS report’s accuracy

The Free State Development Corporation (FDC) has cast doubt on the accuracy of the “Great Bank Heist” report into VBS Mutual Bank, which implicated...

Ill health forces Ramaphosa to cancel question and answer session

Parliament has cancelled a planned session where President Cyril Ramaphosa was expected to respond to questions from members of the house. On Wednesday parliamentary spokesperson...