South Africa's VBS Mutual Bank Placed Under Curatorship

The Reserve Bank's governor Lesetja Kganyago announced on Sunday afternoon that VBS Mutual Bank is to be placed under curatorship.South African news website ENCA reports that the bank was in the news in 2016 when it lent former president Jacob Zuma R7.8-million to repay the state for non-security upgrades made to his private homestead in Nkandla in KwaZulu-Natal.

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The VBS Mutual Bank website

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