South Africa: Watch / The Pillaging of VBS Mutual Bank - Daily Maverick Journalists Unpack the Fraud At the Heart of the Bank's Failure

Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove to be a smoking gun for many of the perpetrators of the fraud at the heart of the bank's failure.

In this video, journalists Pauli van Wyk and Neesa Moodley explain what happened. This article is free to read.Sign up for free or sign in to continue reading.Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.Create your free account or sign in FAQ | Contact Us Nearly there! Create a password to finish signing up with us: You want to receive First Thing, our flagship daily newsletter. Opt out at any time. Please enter your password or get a sign in link if you've forgotten A code has been sent to .... Please check your email and enter your one-time pin below: Didn't get the code? Resend email Use your password instead? Enter password Open in Gmail Open Sesame! Thanks for signing up.

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