Former Vhavenda king loses bid to avoid paying back almost R6m to VBS bank
Toni Ramabulana denied leave to appeal against a court order to repay R5.5m over vehicle sale agreements
02 July 2023 - 16:11
Former Vhavenda king Toni Mphephu Ramabulana will have to repay the defunct VBS Mutual Bank nearly R6m after he lost a bid to appeal against a South Gauteng High Court ruling in November.
Ramabulana was first drawn into the VBS Mutual Bank saga in 2018 when advocate Terry Motau said in a damning report that he was a beneficiary in the failure of VBS Mutual Bank...
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