VBS Corruption | VBS Mutual Bank scandal

VBS Mutual Bank gripped headlines in 2018 when the bank was put under curatorship.
SABC News senior reporter, Hasina Gori takes us back chronologically over a six-year period.
Tracing the intricate threads of deceit and mismanagement that led to the collapse of the VBS Mutual Bank.
It's a story where public trust was betrayed and, billions of rand looted.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

[@hgfku-tn6hb]

As we speak, these clowns are calling for the nationalization of the banks

[@HarwardMbonxa]

so says a racist moron like you.

[@francoisdekoker239]

Black farmers really needed this what a shame

[@HarwardMbonxa]

since when racists like you care about Black people.

[@truth-Hurts375]

Get Matric Domkop John Steenhuisen on board....The Land Bank are there to help them !!!!

[@User-.-_007-s]

Eff will be in court soon julius must account for his corrupt nature

[@lelakhelelakhe3935]

No wonder why Malema is advocating for state owned bank and Shivhambu must be put as a finance minister, his objectives are so clear now

[@HarwardMbonxa]

keep dreaming clown

[@atang.pascalis.ramokhoa]

Catch and imprison all the criminals!!!

[@Professor_Stark]

Justice will be served once all the victims get their money back.

[@cloudstrife8791]

Malema must go to jail 100years polsmoor no bail

[@Ridiculous-671]

He must go in with a large bottle of Vaseline 😂😂😂😂😂😂😂

[@HarwardMbonxa]

keep dreaming mr racist.

[@lindokuhlenontsikelelomabu3293]

Day dreaming

[@surajboo9334]

Its sad because the old people trusted these people its really sad

[@HarwardMbonxa]

I wonder your so called sad apply to victims of steinoff as well.

[@starkmad5351]

They voted for kll the farmers

[@HarwardMbonxa]

@@starkmad5351 and still to vote them come 2026 and 2029 elections,in EFF we trust.

[@starkmad5351]

@user-fh3oc5ij3s 🤣🤣🤣 carry on bring ripped off then. There's no pill to fix stupid

[@starkmad5351]

@@HarwardMbonxa that's why Africans couldn't design the simple wheel..

[@tearyb]

Why is our justice system so slow. 6yrs, really?

[@riaswart7482]

That's the reason the municipalities can't pay their Escoms accounts...❤❤❤

[@LesegoMakhanya-w2o]

Malema and Floyd must go visit Groenewald.

[@HarwardMbonxa]

so says a racist to anoter roenewald racist.

[@LesegoMakhanya-w2o]

@@HarwardMbonxa I'm a black South African that is for accountability. Now make your nonsense make sense?

[@HarwardMbonxa]

@@LesegoMakhanya-w2o where is your so called accountability on R400B Steinoff corruption and R20M recieved by DA from steinoff or Pala Pala,hypocrat.

[@LesegoMakhanya-w2o]

@@HarwardMbonxa What about'ism is a fallacious game I don't play. I had my views on both those topics which I also called for accountability for. I stay topical. The topic of this video is VBS. Go scroll for videos talking about those topics and you will find my views. I don't fear being call a hypocrite by those who are ignorant.

[@LesegoMakhanya-w2o]

@@HarwardMbonxa and please don't talk to me like I have something to prove to you.

[@Bluecollarjoe6B9]

Afrikaaners didn’t do this to their own people. Shame on all those involved.

[@DreddRSA]

EFF🔥❤️ the people who say they are for the poor but steal from the poorest 🔥🔥❤️❤️ VIVA

[@HarwardMbonxa]

open a case mr racist.

[@marthatladi-7012]

Isn't Cultic Spirit?

[@All.Gravy96]

R1.9 billion taken from the bank, the EFF is accused of taking R16million. That’s less than 1%. Who took the rest of the money ?

[@colleengreenthompson6095]

N the skotens are still walking Free

[@All.Gravy96]

Why are municipalities putting money in a mural bank, that’s illegal?

[@retro-wreck]

Took one year of the EFF to clean it out 😅

[@HarwardMbonxa]

Chronology of Steinoff and Pala Pala \,its silence from SABC is so loud.

[@dharammagovender6033]

Eish ..U not worried about the looted gogos monies?

[@HarwardMbonxa]

@@dharammagovender6033 are you worried as well about granny's money in R400B Steinoff scandal and R20M received by DA in this Steinoff corruption

[@ProcaviaCapensis-ts8ub]

SABC reports on news. There is nothing new coming out of that at the moment. Do you want them to keep repeating old news ?

[@hilaireirankunda8769]

Motswaledi

[@karabomaake2789]

So what is going on with Phala Phala

[@thalifhowisdom]

Who was reported to have lost money in according to the Phala Phala Scandal? if you can tell me that, that we can lay charges against the head of state.

[@HarwardMbonxa]

the SABC racist coalition mouthpiece apply justice based on race selectively including no crocodile tears from the SABC R400B Steinoff scandal and R20M received by DA from the very same infamous Steinoff.

[@sosmansa5359]

That won't be spoken about DA will protect president there baby , VBS just used to pass time

[@HarwardMbonxa]

What about Black people who suffered under Steinoff,a selective justice that is based on racism can only repeat or more July 2021 unrest,the SABC justice is motivated by racism as steinoff and executives are let unaccountable and R20M DA received from steinoff and Maimane Ford bakkie donated by the very steinoff R400B scandal.

[@ambrosepadayachy459]

Stick to the point. This is about VBS. It's always black people suffering. It's because of your sins.

[@NIXTERSTv]

There is a difference. EFF Listen carefully... VBS, you stole Granny's money for your luxury okay 😡. Now let us address the Phala phala. Okay, that money was not granny's money or stolen; it was just to avoid the tax man - so stop with this BS.You are guilty and a disgrace to EFF supporters, having ingrained them with lies to distract them from your greed and blood thirsty taste of racism. However, you say nothing about Zuma, who was also eating.

[@luthovellem865]

We are truly a useless society if we have to condone money laundering which is corruption just because we want to elevate another act of corruption.

[@tshephisopheagane4040]

😂Hai you hate eff with passion neh . You even great facts 😂😂😂

[@HarwardMbonxa]

a racist moron like you pretending to care about Black people you said zero with R400B steinoff scandal and millions of Black people it left in ruins,DA receiving R20M from the very steinoff markus jooste and do not forget the Ford bakkie donated to Mmusi Maimane by steinoff itself when still a DA puppet leader,what a hypocrite laced with racism of justice.

[@NIXTERSTv]

No, I do not hate anyone; I believe that everyone deserves to be treated fairly and equally; however, if you are wrong, you must face the consequences rather than pointing fingers and making everyone look foolish because you believe you are above the law.

[@HarwardMbonxa]

@@NIXTERSTv where is so called above the law in Steinoff other executives,where is the same zeal in R400B Steinoff scandal,selective justice is no justice at all and race determine justice or no justice in this country.

[@NIXTERSTv]

They can not run a country, but they can run a bank. Why do you think Juju said, make him president and he will nationalize all banks and make Floyed Minister of Finance 😂 😂😂? 😂😂

[@ambrosepadayachy459]

JUJU? HE'S A DEMONIC LEADING PEOPLE ASTRAY. BEWARE!