The spokesperson of VBS Mutual Bank's Minority Shareholder Forum has called for the bank to be restored as it assists many people in Limpopo's rural areas.
The bank was placed under curatorship in 2018 after over R2 billion was looted from the bank, and many arrests followed
The Minority Shareholder's Forum's secretary, Robert Livhoyi, shared how difficult life has been for those who did not receive their money—The lives of Limpopo residents who have not received a cent of their money since VBS Mutual Bank was placed under curatorship has been challenging. The bank's minority shareholders and depositors want it restored to its former state., said depositors and anyone who didn't receive their money from VBS should be refunded.
Livhoyi said the bank has a long history and was once the only bank for many in the province. He said the properties of those implicated in the VBS Bank looting must be attached to recover the money."That's much better as if was unfortunately taken advantage of by the opportunists of this world. Shame to all who never even felt remorse at all for doing that to our beloved grandparents.""I hope the authorities listen to the Forum's demands.
Tebogo Mokwena is a Current Affairs Editor at Briefly News. He has a Diploma in Journalism from ALISON. He joined Daily Sun, where he worked for 4 years covering politics, crime, entertainment, current affairs, policy, governance and art. He was also a sub-editor and journalist for Capricorn Post before joining Vutivi Business News in 2020, where he covered small business news policy and governance, analysis and profiles. He joined Briefly News in 2023.
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