VBS Mutual Bank curatorship cost R21.6m

as it was facing a liquidity crisis. Auditing firm SizweNtsalubaGobodo was appointed curator.

The bank had made headlines in a scandal that saw some R1.5m being looted, impacting some 22 000 depositors. In November 2018, the North Gauteng High Court granted the Prudential Authority - the prudential regulator that falls under the SARB - its application to have"The total cost of curatorship for the period March 12, 2018 to November 12, 2018 amounted to R21.6m, excluding VAT," Mboweni's reply read.

Fin24 Thank you EFF 'leadership' for your role in this mess! Just proves that the EFF and the ANC is the same. Corruption is enshrined in their constitutions.

Fin24 .

Fin24 This country is a joke, so the curators also looted 😂

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