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Dear VBS customer. VBS is still under curatorship for the safety of depositors. As per the South African Reserve Bank SARB press conference held on , all transactional retail depositors, which include individuals, stokvels and burial societies who currently have up to R deposited in VBS Mutual Bank, will have their funds transferred to Nedbank..Those responsible for fraudulent VBS deposits ‘will be held accountable’ Fourteen municipalities in the provinces invested R. billion with the VBS Mutual Bank against the advice of Treasury..We would like to show you a description here but the site won’t allow us..A wholly black owned specialist corporate finance and retail bank. Registered with and regulated by the SARB, under banking license number , governed by the Mutual Bank’s Act, ..JOHANNESBURG Minister of Finance, Nhlanhla Nene has appointed Anoosh Rooplal of Sizwe Ntsaluba Gobodo Advisory Services to curate VBS Mutual Bank and tasked him with assessing the bank..Capitec Bank and VBS are appearing before Parliament’s finance portfolio committee on Tuesday..The Reserve Bank and the curator of VBS Mutual Bank have reached an arrangement with Nedbank to facilitate the payout of funds to VBS Mutual Bank clients who have been desperate to get access to .The curator of VBS Mutual Bank, SizweNtsalubaGobodo Advisory Services Pty Limited, has instituted an urgent application in the High Court against Vele Investments Proprietary Ltd for its .South African Reserve Bank Sarb deputy governor, Kuben Naidoo, told parliament’s Standing Committee on Finance on Tuesday that the Sarb had been engaging with VBS Mutual Bank .Reserve Bank Governor Lesetja Kganyago has announced that Nedbank will from this Friday be helping retail customers to access their cash at the embattled VBS bank Retail depositors will have as much as three years to withdraw their funds..

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