News Formal

SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

VBS News

Business Business Latest News,Business Business Headlines

Four former VBS Mutual Bank executives are to appear in the High Court in Pretoria today.

A former VBS Mutual Bank minority shareholder, Robert Livhoyi, says he hopes the accused will confess that they played a role in the bank’s collapse.

They are the former CEO Andile Ramavhunga, former Treasurer Phophi Mukhodobwane and former non-executive members Ernest Nesane and Paul Magula.Livhoyi says, “The people who must also appear, they must also tell the truth. We as the minority shareholders are listening to what they are saying. We are not saying it is the truth, we will weigh it with what we know and we will see if this is the true reflection of what happened.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More arrests expected in Masuku fraud case - SABC News - Breaking news, special reports, world, business,Masuku was arrested on June 21 on charges of charges of theft, fraud and money laundering.
Source: SABC News Online - 🏆 32. / 51 Read more »