11/26/2018
KPMG audited VBS Mutual Bank’s financial results before it was placed under curatorship in March, a step that permits the central bank to appoint an administrator or curator to run a bank.
11/26/2018
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11/23/2018
The 1 283m², five-bedroomed freehold property comprising a swimming pool, "in a secure estate" was set to be auctioned on September 19th 2018.
11/22/2018
Evidence that VBS illicitly financed radical party’s purchase of a Johannesburg property
11/19/2018
Dr France said one case of fraud could dent the reputation of the bank, urging players in the sector to exhibit high sense of integrity in the discharge of their responsibilities.
11/16/2018
The charges, according to the DA, are brought in terms of the Prevention and Combating of Corrupt Activities Act and Section 6 of the Prevention of Organised Crime Act
11/15/2018
Adoboli had been arrested on Monday in Glasgow and sent to a detention center in London pending extradition.
11/14/2018
There is no reasonable probability that the continuation of the curatorship will enable VBS to pay its debts or meet its obligations and become a successful concern
11/14/2018
The judge has also directed that the Commission publish the notice of the order in any national daily newspaper and on the EFCC’s website, the statement added.
11/13/2018
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11/12/2018
The new law prescribes a maximum 10-year custodial sentence for illegal currency traders, and authorities will be empowered — through the Unexplained Wealth Orders Statute — to confiscate ill-gotten wealth.
11/12/2018
Additional voluntary contributions are savings made over the statutory minimum of 18 per cent mandated by PenCom.
11/09/2018
The Public Protector, an organisation mandated by the constitution to uphold standards in public office, said the investigation had started in 2016 but had now reached a stage where it was ready to conduct interviews.
11/08/2018
The judge made the pronouncement in the suit filed against UBA by one Yusuf Ayangbade, who was a former Manager with the bank.
11/08/2018
The judge made the pronouncement in the suit filed against UBA by one Yusuf Ayangbade, who was a former Manager with the bank.
11/07/2018
A category 1 global business licence (GBL1) issued by the FSC on or before 16 October 2017 will continue to be valid until 30 June 2021.
11/06/2018
For instance, in Kenolkobil’s case, the share price jumped more than 30 per cent to Ksh21.75 ($0.21) per shares, with the volume of share traded rising to 373.46 million from 29.51 million a day earlier.
11/05/2018
The woman had been the subject of an international arrest warrant since Oct. 18 when the ministry announced the findings of an internal investigation.
11/05/2018
The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity crisis.
11/02/2018
PenCom stated that it was introducing stringent measures to stop this worrisome menace.