Matjila denies receiving R5 million from VBS - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

CEO, Dr Dan Matjila has denied receiving R5 million cash from VBS in return for facilitating funding for the now defunct mutual bank.

Advocate Terry Motau was the main author of the investigation, commissioned by the Prudential Authority of theMotau said that he could not make any “definitive finding” whether the R5 million was paid to Matjila. Despite the PIC having seconded employees, Paul Magula and Ernest Nesane, as board members to VBS, Vele Investment became a major shareholder without the PIC’s knowledge.

Matjila denies discussing or agreeing to an origination fee to be paid to Kholofelo Maponya of Matome Maponya Investments in the SA Homeloans transaction.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Wednesday marks World Emoji Day - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Today marks World Emoji Day. The word Emoji means picture plus character in Japanese and has become the universal language for short messaging.%
Source: SABC News Online - 🏆 32. / 51 Read more »

Police investigating Batchelor's murder - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Police have confirmed that they are investigating a case of murder following the death of former professional footballer Marc Batchelor.
Source: SABC News Online - 🏆 32. / 51 Read more »

Springbok’s Dyantyi under injury threat | SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Source: SABC News Online - 🏆 32. / 51 Read more »

Black Leopards’ Mendes relishing South African challenge | SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Source: SABC News Online - 🏆 32. / 51 Read more »