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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 .VBS Mutual Bank, one of South Africa s smallest lenders, has been put into administration after it was unable to repay money owed to .Company profile key executives for VBS Mutual Bank D Johannesburg including description, corporate address, management team and contact .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 Mutual Bank, Johannesburg, South Africa. .K likes. VBS is a wholly black owned specialist corporate finance and retail bank, registered with and .VBS Mutual Bank, Johannesburg, South Africa. .K likes. VBS is a wholly black owned specialist corporate finance and retail bank, registered with and .
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.. 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..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..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 .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 .Days ago The explosive findings of a damning report into the failure of VBS Mutual Bank reveals how its architects and accomplices stole a bank. Business Day’s Warren Thompson explains what is .VBS Mutual Bank, the name has been doing the rounds on social media as everyone has suddenly become a banking expert. We’ve got a nice little explainer to help us all understand what is going on .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 .Capitec Bank and VBS are appearing before Parliament’s finance portfolio committee on Tuesday..”It probably is the biggest bank heist in South Africa by bankers,” said Kuben Naidoo, the registrar of banks and a deputy governor of the central bank, who described VBS as a Ponzi scheme..