Lead South Africa

SARB to clarify VBS Mutual Bank situation

JOHANNESBURG, March 11 – The South African Reserve Bank (SARB) will on Sunday clarify the liquidity status of troubled Venda-based VBS Mutual Bank and whether it will be put under curatorship. SARB governor Lesetja Kganyago and the Registrar of Banks Kuben Naidoo will update media on VBS Mutual Bank at the central bank’s headquarters in […]

Lead South Africa

Hawks raids North West premier’s office

RUSTENBURG, March 8 – The Hawks raided the office of North West premier Supra Mahumapelo on Thursday, North West Provincial Government said.   “The Hawks visited the office in possession of a search warrant for payments made to Nepo Data Dynamics. Last week documents relating to this company were illegally accessed and distributed on social […]

Lead South Africa

Former chair Ngubane stonewalls at Eskom inquiry

PARLIAMENT, March 7 – Former Eskom chairman Ben Ngubane on Wednesday refused to answer allegations that former public enterprises minister Lynne Brown intervened to stop the suspension of the power utility’s former acting CEO Matshela Koko. Ngubane was grilled by the evidence leader in the inquiry, Advocate Ntuthuzelo Vanara, about witnesses’ claim that he received […]