Parliament to debate VBS Mutual Bank saga

The African National Congress (ANC) in Parliament has tabled a debate in the National Assembly on the VBS Mutual Bank saga.

This is after the report labelled the Big Bank Heist by Advocate Terry Motau, appointed by the Reserve Bank to look into what went down at the VBS Mutual Bank.

READ:VBS Mutual Bank 'heist' report recommends criminal charges

ANC Chief Whip Jackson Mthembu says the report is worrying.

More worrying is how poor people's money has been looted in that bank. People who had trusted in the VBS Mutual Bank, who had invested in that bank, their pensions, their stokvel money, now that money is no more.

Jackson Mthembu, ANC Chief Whip

He says from an ANC perspective, they are saying all those that have looted that bank, including their members, should face the might of the law.

Listen below to the full interview:


Recommended

by NEWSROOM AI
Read More
SACC wants law enforcement to investigate churches implicated in VBS 'heist'

SACC wants law enforcement to investigate churches implicated in VBS 'heist'

The South African Council of Churches (SACC) in Limpopo says churches are not immune to investigations and prosecution.

Analyst has confidence those involved in VBS scandal will be brought to book

Analyst has confidence those involved in VBS scandal will be brought to book

Professor Lesiba Teffo says he hopes that this time around perpetrators of VBS bank will be brought to book.

'The issue of KPMG is a reflection on our law enforcement agencies' - COSATU

'The issue of KPMG is a reflection on our law enforcement agencies' - COSATU

Cosatu spokesperson Sizwe Pamla says there may be no political will to prosecute the private sector.

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

ANC Limpopo PEC says action will be taken against those fingered in VBS scandal

ANC Limpopo PEC says action will be taken against those fingered in VBS scandal

ANC's Donald Selamolela says the party has established across all spheres of government a consequence management structure.

No arrests in Emfuleni auditor attack

No arrests in Emfuleni auditor attack

Police have confirmed an ongoing investigation of house robbery at a guest house in Vanderbijlpark on Friday.

Provincial mismanagement goes deeper than the VBS saga say experts

Provincial mismanagement goes deeper than the VBS saga say experts

Pundits look at how the Great Bank Heist has affected governance and service delivery in Limpopo.

'The EFF seems to be trying to find scapegoats'

'The EFF seems to be trying to find scapegoats'

Deputy Editor at Financial Mail, Sikhonathi Mantshantsha, seems to be finding excuses as to why its leaders are in trouble.

'The EFF presser was about blaming Pravin Gordhan'

'The EFF presser was about blaming Pravin Gordhan'

Eyewitness News reporter Clement Manyathela gives a summary of what came out of the EFF presser.

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

I worked for that money! - Robert Madzonga (VBS shareholder Vele Investments)

The Money Show’s Bruce Whitfield interviews Madzonga, who claims innocence and that Chairperson Tshifhiwa Matodzi lied to him.

EFF: 'Where there is criminality, there must be accountability'

EFF: 'Where there is criminality, there must be accountability'

EFF Leader Julius Malema briefed the media on the allegations that it benefitted from the looting of VBS Mutual Bank.

'No country in the world can allow its borders to be a free for all'

'No country in the world can allow its borders to be a free for all'

DA spokesperson on immigration for the elections Jacques Julius says the party plans to tackle undocumented immigrants.

Does South Africa need a special 'State Capture Court'?

Does South Africa need a special 'State Capture Court'?

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

'Sars executives were not told why modernisation was stopped by Moyane'

'Sars executives were not told why modernisation was stopped by Moyane'

Eyewitness News senior reporter Barry Bateman gives an update from the Nugent Commission of Inquiry.

What leads companies down the path of corruption...and how to avoid it

What leads companies down the path of corruption...and how to avoid it

Values-based leadership lecturer Dr Tim London looks at the ethics and dangers businesses face in the world of profiteering.

Action to be taken against ANC officials implicated in VBS report

Action to be taken against ANC officials implicated in VBS report

On Wednesday, the Reserve Bank released details of the R1.8 billion fraud and corruption at the bank.

'VBS is being investigated and there is progress in that regard' - Hawks

'VBS is being investigated and there is progress in that regard' - Hawks

A report published by the SARB shows that close to R2 billion had been looted from the bank by over 50 individuals.

How Tito Mboweni will impact your retirement fund, tax-free savings account, etc

How Tito Mboweni will impact your retirement fund, tax-free savings account, etc

The Money Show’s Bruce Whitfield interviews Victoria Reuvers, Senior Portfolio Manager at Morningstar Investment Management SA.

Popular articles
[LISTEN] Rapper-turned-farmer Mo' Molemi: What makes him tick?

[LISTEN] Rapper-turned-farmer Mo' Molemi: What makes him tick?

The former Morafe member on the memory of Motswako 'king' HHP, the lure of agriculture and his generation's responsibility to SA.

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Job hopeful caught cheating during his Skype interview

[WATCH] Job hopeful caught cheating during his Skype interview

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Dad dancing with daughter at school concert goes viral

[WATCH] Dad dancing with daughter at school concert goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

'I'm upset with myself for allowing it to happen hoping next gig will be better'

'I'm upset with myself for allowing it to happen hoping next gig will be better'

Actress Vatiswa Ndara explains her scathing open letter to the arts and culture minister exposing the exploitation of performers.

Boyfriend dumps girlfriend on spot after witnessing her treating waitress badly

Boyfriend dumps girlfriend on spot after witnessing her treating waitress badly

Khabazela shares tweets and Facebook posts that have gone viral.