Minority shareholders had forever smelt a rat in VBS Mutual Bank
2,278 views · Published 14 October 2018 · 4:31 · Indexed 24 September 2026
Channel: SABC News · 2018 · News & Politics
Minority shareholders of crisis-hit VBS mutual bank say they suspected deep rot in the institution. This, they say is borne out in the hard-hitting report by Advocate Terry Motau's into theft in the bank. The South African Reserve Bank last week linked about 50 people and companies to losses at the bank of about two billion rand. Speaking at an ANC gala dinner Saturday night, President Cyril Ramaphosa called for law enforcement to accelerate its investigation. For more news, visit: sabcnews.com
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