We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The Democratic Alliance wants answers from President Cyril Ramaphosa following reports that he may have known about the alleged corruption at VBS Mutual Bank, DA leader Mmusi Maimane said on Sunday. “Reports that President Cyril Ramaphosa had prior knowledge of grand corruption and looting at VBS as far back as the beginning of last year and failed to act are incredibly serious allegations and need to be answered by the president with haste,” Maimane said. He said he would submit an urgent question for oral questions to the president in parliament on Thursday “to confirm the veracity of these allegations”. “Our lawyers are also considering charges against the president in accordance with the Prevention of Organised Crime Act (POCA)‚” Maimane said. City Press reported that sources “close to a major VBS shareholder” had told the newspaper that the shareholder had informed Ramaphosa about what was going on. “I know that the shareholder met with Ramaphosa‚ who was not president at the t...

BL Premium

This article is reserved for our subscribers.

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now