Peter Bruce Columnist

My Twitter account is endlessly amusing and informative. Yesterday someone I follow tweeted — after a fuss was being made about VBS Bank being taken into curatorship — that “On Twitter you can be anything you like. Today we were bank regulation experts. What a time to be alive.” And then he added a smiley face. But it’s so true. Throw away the encyclopaedias, we South Africans already know everything. Nothing is complex anymore and if you’re not already familiar with all 52 forms of gender or sexual identity, well then you should jolly well be ashamed of yourself. As far as knowing everything, VBS Bank is a lovely example. Most people only ever heard of it when, under pressure from the constitutional court to pay back some of the public money that had been spent on Nkandla, former president Jacob Zuma borrowed about R7.8m from VBS. That “BS” in the name, though, should be a dead giveaway. It is, or was, a building society, not a fully fledged bank and thus broke the law when it took...

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