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VBS News

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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.

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