WATCH: All you need to know about VBS Mutual Bank | Fin24
 
In partnership with
Loading...

WATCH: All you need to know about VBS Mutual Bank

Mar 17 2018 09:00
Fin24

Cape Town - The South African Reserve Bank on Sunday placed VBS Mutual Bank under curatorship after it found itself facing a liquidity crisis.

The bank's major shareholders, Public Investment Corporation and Vele Investments, have said they would work together with National Treasury and other stakeholders to chart a way forward for the bank.

Both Treasury and SARB have said that placing the bank under curatorship was the best way to rescue it.

Fin24 unpacks how the bank got to this point. 

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

sarb  |  pic  |  vbs mutual bank  |  financial services  |  banking
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Trump’s administration has threatened to choke Huawei, hitting some of its biggest component makers. What are you most concerned about??

Previous results · Suggest a vote

Loading...