Business In The News South Africa

Black Business Council tries to intervene on behalf of VBS Mutual Bank

JOHANNESBURG, March 12 – The Black Business Council (BBC) said on Monday that it notes with serious concern events that culminated in the placing of the troubled VBS Mutual Bank (VBS) into curatorship by the South African Reserve Bank (SARB), and that it was engaging all relevant stakeholders to find an amicable solution. SARB Governor Lesetja Kganyago announced on […]

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 […]