Market data including bonds and fuel prices
The fun and games in this innovative and rapidly changing sector will be well worth watching
Upgrade of outdated tobacco law on the way at last
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
Business Day TV speaks to African Rail Industry Association CEO Mesela Nhlapo
Credit bureau sees more defaults ahead as central bank increases interest rates
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
The monetary policy committee increases the key policy rate to 6% from 5%
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Former world boxing champion furious over unauthorised production
The explosive findings of a damning report into the failure of VBS Mutual Bank reveals how its architects and accomplices stole a bank.
The report by investigators appointed by the Reserve Bank to establish what transpired in relation to the failure of VBS also found that criminal charges must be brought against those responsible. Following a severe liquidity crisis in March 2018, which led to the Reserve Bank placing VBS under curatorship, Kuben Naidoo, deputy governor of the Reserve Bank and CEO of the Prudential Authority, appointed a team of forensic investigators led by Werksmans Attorneys and advocate Terry Motau, to establish what exactly had precipitated the failure.
The investigation enormously benefited from the gathering and securing of evidence by forensic and cyber-forensic investigators assisting Werskmans which allowed “a regime which properly secured the chain of evidence, of enormous numbers of documents”.
Read the full report below:..
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.