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Dear VBS customer. VBS is still under curatorship for the safety of depositors. As per the South African Reserve Bank SARB press conference held on July .About VBS Mutual Bank. Profile. A wholly black owned specialist corporate finance and retail bank. Registered with and regulated by the SARB, under banking .VBS Mutual Bank is a South African mutual bank. It was formed as Venda Building Society in , and became a mutual bank in . By the bank .Company profile key executives for VBS Mutual Bank D Johannesburg including description, corporate address, management team and contact .VBS Mutual Bank, one of South Africa s smallest lenders, has been put into administration after it was unable to repay money owed to .VBS Mutual Bank, Johannesburg, South Africa. .K likes. VBS is a wholly black owned specialist corporate finance and retail bank, registered with and .The office of the ANC s secretary general has referred the report on alleged R.bn fraudulent activity at VBS Mutual Bank to its Integrity Commission, the .Local politicians and social media are all suddenly going on about this “VBS Mutual Bank”. We took a look to see what the hell was going on..

VBS is still under curatorship for the safety of depositors. As per the South African Reserve Bank SARB press conference held on , all transactional retail depositors, which include individuals, stokvels and burial societies who currently have up to R deposited in VBS Mutual Bank, will have their funds transferred to Nedbank..JOHANNESBURG The South African Reserce Bank Sarb yesterday laid bare the rot the curator found at the embattled VBS Mutual Bank, charging that the lender manipulated its own financial information..Hours ago Some VBS employees have finally signed retrenchment notices after days of rejecting them. The curator announced that workers are being retrenched while will remain. The workers held a meeting with representatives of the office of the curator and the bank’s Human Resource Department in Thohoyandou on Thursday.. VBS Mutual Bank, one of South Africa’s smallest lenders, has been put into administration after it was unable to repay money owed to municipalities, according to the country’s central bank..VBS Mutual Bank is a South African mutual bank. It was formed as Venda Building Society in , and became a mutual bank in . Curatorship. VBS Bank was placed under curatorship in March following liquidity problems..As VBS Mutual Bank’s crash paralyses municipalities after it lost R.bn of their funds, details are now emerging of how Vhavenda King Toni Mphephu Ramabulana and the bank’s executives lived the high life, flying in helicopters, driving Range Rovers and Mercedes Benz Vianos, and shopping at .Days ago President Cyril Ramaphosa knew about the widespread looting at VBS Mutual Bank early last year, but allegedly failed to take any action City Press has learnt that Ramaphosa was informed of .VBS Mutual Bank shot into national prominence following a City Press report that the bank granted President Jacob Zuma a loan to finance the R. million he owed relating to the upgrades of his private residence in Nkandla..Reserve Bank governor Lesetja Kganyago placed Venda based VBS Mutual Bank under curatorship. This is the first curatorship in SA since the Bank put African Bank under curatorship in August .VBS Mutual Bank was “severely mismanaged” and there is reason to believe there has been fraudulent reporting and manipulation of financial information, according to the initial findings of an .

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