Ramaphosa assures Postbank won’t be another VBS:
VBS Mutual Bank collapsed in 2018 after it was exposed as the centre of a massive R2 billion looting scandal.
iol.co.za/news/politics/2025-09-10-ramaphosa-assures-postbank-wont-be-another-vbs/
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eNCA Oct 05
NPA loses bid to overturn separation of Msiza, Matsepe from VBS trial: The long-running VBS Mutual Bank saga has suffered another legal setback for the National ...
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eNCA Sep 15
VBS looting case returns to Pretoria High Court: Eight years after VBS Mutual Bank was placed under curatorship following the alleged looting of nearly ...
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VBS saga bites again as Irba censures former KPMG partner Sipho Malaba: Former KPMG partner Sipho Malaba faces a lifetime ban and hefty fines after being ...
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Disgraced VBS auditor barred for life: Sipho Malaba also ordered to pay nearly R11m in fines and costs of hearing
timeslive.co.za/news/south-africa/2026-04-17-disgraced-vbs-auditor-barred-for-life/
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South African Post Bank delays renewal of banking licence application: The South African Post Bank's quest for a full banking licence has stalled for nearly ...
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Ramaphosa grilled in parliament on US tariffs, Postbank and Iran: The president said the government would never go ‘on bended knee’ to get the best deal in ...
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Key FactsRamaphosa Upholds Sovereignty in Trade and Governance Issues
Sep 9, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: mg.co.za
Summary created with AI assistance · Source: mg.co.za
- Ramaphosa rejects claims of submission in US tariff discussions, emphasizing a strategy of sovereign engagement.
- He cautions that retaliatory tariffs could backfire and is focusing on diplomatic efforts to improve trade terms.
- The SANDF chief’s visit to Iran is clarified as non-military, noting Iran’s participation in the recent BRICS summit.
- Postbank remains unlicensed due to governance and compliance issues, while the national dialogue is praised despite funding concerns.
We will stand as a sovereign country and get the best deal for South Africa.— President Cyril Ramaphosa, while answering questions in the National Assembly.
EWN Sep 10 25
Ramaphosa assures Parliament Postbank won’t become another VBS: But Ramaphosa said the Postbank still needs funds and the proper approval from the Reserve Bank's ...
ewn.co.za/2025/09/10/ramaphosa-assures-parliament-postbank-won-t-become-another-vbs
About a third of R2.3bn looted from VBS Mutual Bank recovered: VBS was placed in final liquidation in November 2018
businesslive.co.za/bd/economy/2025-07-01-about-a-third-of-r23bn-looted-from-vbs-mutual-bank-recovered/
Flying close to the sun(s) — Floyd Shivambu, SA’s political Icarus whose wings are tied with VBS strings
dailymaverick.co.za/article/2025-06-29-floyd-shivambu-is-sas-political-icarus-whose-wings-are-tied-with-vbs-strings/
Key FactsFloyd Shivambu’s Political Fall and VBS Scandal
Jun 29, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: dailymaverick.co.za
Summary created with AI assistance · Source: dailymaverick.co.za
- Floyd Shivambu’s political standing diminished sharply after his controversial visit to fugitive pastor Shepherd Bushiri in 2024.
- He launched the Mayibuye Consultation Process to unite leftist forces and intends to contest the 2026 local government elections with a new party.
- The VBS bank scandal implicates Shivambu through illicit funds routed via a front company, with his brother repaying millions linked to the fraud.
- Despite scandal and internal party conflicts, Shivambu gained backing from former EFF and MK members for his political movement.
As revolutionaries, we should 'hide nothing from the masses of our people'.— Floyd Shivambu, while announcing the Mayibuye Consultation Process.
'VBS was our lifeline': Ramokgopa pressures treasury to restore Limpopo's lost bank
iol.co.za/news/politics/2025-06-07-anc-treasurer-general-gwen-ramokgopa-pleads-with-government-to-help-rebuild-vbs/
WATCH | VBS Bank did not pay SACP’s R3m hotel bill: Blade Nzimande: 'The money received was a donation from a food company'
timeslive.co.za/politics/2024-07-17-watch-vbs-bank-did-not-pay-sacps-r3m-hotel-bill-blade-nzimande/
Key FactsNzimande rejects allegation of VBS payment to SACP
Jul 18, 2024 · Reading time: ~45 sec.
Summary created with AI assistance · Source: timeslive.co.za
Summary created with AI assistance · Source: timeslive.co.za
- Former SACP secretary in Limpopo Phatse Justice Pitso called in a letter for a public apology and repayment of the allegedly received R3m from VBS.
- Former VBS chair Tshifhiwa Matodzi claimed in a witness statement that MML Food Services paid the R3m directly to Birchwood Hotel in Kempton Park on July 6, 2017.
- Nzimande rejected the claim, saying the SACP received no money from VBS and that the payment was a donation from a food company for the party congress.
- He referred to an earlier central committee statement and urged the media to check the background rather than repeat the allegations.
The SACP did not take any money from VBS. It was a food company that donated to our congress. We have actually said that the money did not come from VBS, even the person who actually donated it said so.— Blade Nzimande, SACP national chair, in a Newzroom Afrika interview
POLL | Do you believe former VBS boss Tshifhiwa Matodzi blew all the stolen millions?
timeslive.co.za/news/south-africa/2024-07-16-poll-do-you-believe-former-vbs-boss-tshifhiwa-matodzi-blew-all-the-stolen-millions/
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