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South Africa: 'Hopelessly Insolvent' VBS to Be Liquidated
Daily Maverick, 13 November 2018
It took only minutes for the North Gauteng High Court to approve the liquidation of VBS Mutual Bank on Tuesday. Despite the debate over whether it should be rescued, the Reserve… Read more »
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South Africa: High Court Orders Liquidation of VBS Bank
allAfrica, 13 November 2018
The North Gauteng High Court has ordered the liquidation of VBS Mutual Bank, eNCA reports. This comes after an application by the South African Reserve Bank's Prudential Authority… Read more »