VBS: 'Forensic investigation made it very clear there was a lot of wrongdoing'

Mahikeng Local Municipality in the North West has launched an urgent application to have VBS Mutual Bank liquidated.

The municipality hopes to recoup R84 million they invested in the bank.

Speaking to Joanne Joseph, Premier of the North West Job Mokgoro says through their provincial treasury they have conducted a forensic investigation which has been concluded.

I will be summoning municipal leaders of affected leader to ask very fundamental questions.

Job Mokgoro, Premier of the North West

READ: Execs at VBS Mutual Bank plundered it to death, it can’t be saved - report

Who did what? Who was instructed by who and why? So that we take the process forward.

Job Mokgoro, Premier of the North West

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

The forensic investigation has made it very clear that there was a lot of wrongdoing.

Job Mokgoro, Premier of the North West

Premier Mokgoro says the four municipalities deposited about R340 million into VBS and the amounts differ per municipality.

Listen to what the way forward is...


Recommended

by NEWSROOM AI
Read More
Now EFF's Shivambu is on the receiving end of MP's chanting 'pay back the money'

Now EFF's Shivambu is on the receiving end of MP's chanting 'pay back the money'

Sizwe Mpofu-Walsh and callers discussed how the tables have turned and whether VBS bank should be saved.

Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

A better option to serve black interests, says Warren Thompson, is Patrice Motsepe’s TymeDigital. It won’t cost taxpayers a cent.

[LISTEN] Catch up with this in-depth look at the week's news and analysis

[LISTEN] Catch up with this in-depth look at the week's news and analysis

Political Journalist at News24 Matshidiso Madia gives an analysis of the past week's political headlines.

Parliament to debate VBS Mutual Bank saga

Parliament to debate VBS Mutual Bank saga

ANC in Parliament has tabled a debate in the National Assembly on the VBS Mutual Bank Saga.

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.

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.

Popular articles
Investigating SA's captive lion breeding industry and the lion bone trade

Investigating SA's captive lion breeding industry and the lion bone trade

Richard Peirce discusses his documentary 'Lions, Bones & Bullets', which follows the trade to the Far East.

'I think govt exists for the most vulnerable' - Midvaal mayor Bongani Baloyi

'I think govt exists for the most vulnerable' - Midvaal mayor Bongani Baloyi

Baloyi became SA's youngest mayor in 2013. He talks about 'being born into politics' and the principles that guide him.

No load shedding expected on Sunday says Eskom

No load shedding expected on Sunday says Eskom

Load shedding has been suspended for Sunday, but the system remains 'unpredictable'.

Open day season: How to choose the best school for your child

Open day season: How to choose the best school for your child

Parenting expert Nikki Bush has valuable pointers on what to keep in mind when matching your child to a school.

Zuma returns from Cuba, addresses 'hundreds' of supporters

Zuma returns from Cuba, addresses 'hundreds' of supporters

Former president Jacob Zuma arrived at OR Tambo International where supporters waited to give him a hero's welcome.

[WATCH LIVE] Joseph Shabalala's funeral service underway in Ladysmith

[WATCH LIVE] Joseph Shabalala's funeral service underway in Ladysmith

The music icon and Ladysmith Black Mambazo founder is being laid to rest in his home town in KwaZulu-Natal.

Load shedding to be suspended at 5pm, resumes on Sunday

Load shedding to be suspended at 5pm, resumes on Sunday

Eskom says 'improved generation system performance' will allow it to suspend load shedding at 5pm on Saturday.

[WATCH] Ndlovu Youth Choir's moving 'Homeless' tribute to Joseph Shabalala

[WATCH] Ndlovu Youth Choir's moving 'Homeless' tribute to Joseph Shabalala

The Ladysmith Black Mambazo founder will be laid to rest in Ladysmith on Saturday.

'High possibility' of load shedding continuing throughout Sunday

'High possibility' of load shedding continuing throughout Sunday

Stage 2 power cuts are scheduled until 6 am on Sunday, but Eskom says this could be extended.

 'When languages are being let go of in favour of English, we lose identity'

'When languages are being let go of in favour of English, we lose identity'

Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.