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VBS Mutual Bank minority shareholders call for the bank to be resuscitated
Manage episode 430444190 series 2825637
VBS Mutual Bank's minority shareholders forum has called for the bank to be resuscitated. Thousands of depositors, investors, and municipalities have lost millions of rand when the bank was declared insolvent in 2018. The forum believes that government did not do enough to save the bank from collapsing. VBS shareholders forum's Robert Livhoyi says all the recovered funds should be utilised to revive the bank. Livhoyi was speaking during a media briefing in Thohoyandou....
8164 episodes
Manage episode 430444190 series 2825637
VBS Mutual Bank's minority shareholders forum has called for the bank to be resuscitated. Thousands of depositors, investors, and municipalities have lost millions of rand when the bank was declared insolvent in 2018. The forum believes that government did not do enough to save the bank from collapsing. VBS shareholders forum's Robert Livhoyi says all the recovered funds should be utilised to revive the bank. Livhoyi was speaking during a media briefing in Thohoyandou....
8164 episodes
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