Nearly three years after the VBS Mutual Bank saga was exposed, concerns are still being raised about its adverse effects on service delivery in municipalities that had invested money in the now defunct bank.  

Faith Muthambi, chair of parliament’s portfolio committee on co-operative governance and traditional affairs, said on Thursday the committee will continue to “emphasise these investment losses because communities continue to suffer consequences on service delivery as a result of the VBS Mutual Bank investments”...

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now