A branch of VBS Mutual Bank in Thohoyandou, Limpopo. Picture: Antonio Muchave
A branch of VBS Mutual Bank in Thohoyandou, Limpopo. Picture: Antonio Muchave

In the wake of the VBS Mutual Bank scandal, the potential for rumour and panic is very high. It might even pose a threat to confidence in SA’s banking system.

With the EFF being implicated it is also likely that its president Julius Malema will ramp up the rhetoric, further destabilising the situation.

A true president would immediately take control of the situation and start communicating with the public, clearly and often. President Cyril Ramaphosa has not done this.

James Drew
Via e-mail