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VBS Saga | Minority shareholder hails efforts to recoup looted funds

  Рет қаралды 37,337

SABC News

SABC News

Күн бұрын

The Venda Building Society (VBS) Mutual Bank was placed under curatorship in 2018 due to allegations of fraud and corruption. The bank's stakeholders, including investors and depositors, were affected by the bank's failure. Following the conviction of the VBS looting kingpin Tshifhiwa Matodzi, the latest process to recoup funds is a significant development for the stakeholders. VBS Bank's minority shareholder Robert Livhoyi highlights what this means for those involved.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Пікірлер: 75
@gazg00
@gazg00 Ай бұрын
Start with the "champions of the poor", Malema and Shivambu.
@kk35-nif
@kk35-nif Ай бұрын
Arrest malema and shivambu permanent, no one is above the law not even malema and shivambu
@sifisodube4686
@sifisodube4686 Ай бұрын
Indeed that’s very true
@dragonfire4957
@dragonfire4957 Ай бұрын
BEE south Africans are
@bree_soul7898
@bree_soul7898 Ай бұрын
Is there proof that Malema and Floyd were part of it? I'm not fighting but asking ....
@vjchabane9795
@vjchabane9795 Ай бұрын
@@bree_soul7898paragraph 27 of the statement
@mrb2643
@mrb2643 Ай бұрын
Malema wants the Mines and Bigger Banks.... VBS is small change
@happytape307
@happytape307 Ай бұрын
The justice system generally fires balls of margarine at teflon criminals while those who believe in justice hope for it to stick. #Farcical
@hgfku-tn6hb
@hgfku-tn6hb Ай бұрын
They enjoyed bloodied money and they should therefore account
@leeroysherratt881
@leeroysherratt881 Ай бұрын
EFF can pay with second hand shoes 🎉
@mthokozisilanga4497
@mthokozisilanga4497 Ай бұрын
😂😂😂😂😂😂
@CorneliaGreyvensteyn-o4r
@CorneliaGreyvensteyn-o4r Ай бұрын
The same bank had shareholding in SME bank in Namibia who also had to close its doors due to the looting from top management and shareholders 😢
@lyma3880
@lyma3880 Ай бұрын
😂😂😂 black man doing
@soniadevos510
@soniadevos510 Ай бұрын
What a person to respond to questions but not wanting to anger anyone of power
@grahamleigh8398
@grahamleigh8398 Ай бұрын
Right. Quite pathetic.
@pk9096
@pk9096 Ай бұрын
Their ,properties ,pensions,cars,investments need to be taken in order to pay the victims.
@kenchucky2997
@kenchucky2997 Ай бұрын
10 years... for destroying thousands of peoples lives. where do I sign up?
@heatherjooste4966
@heatherjooste4966 Ай бұрын
It's disgusting how poor people have suffered since this THEFT
@soniadevos510
@soniadevos510 Ай бұрын
And parole somewhere in the new future. Despicable! Our Judiciary is captured and fully on the side of the guilty perpetrators. Our Judiciary has very little foresight for consequences to victims, they feel mire sorry for the culprits almost like" I have to do this because people are lookingt to me, but I feel sorry for you, so I must give you a sentence." Later you can appeal or get parole.
@MzamoAdoons372
@MzamoAdoons372 Ай бұрын
When living in a glassed house you should be careful not to throw stones😂😂😂😂. Shivhambu was busy with phala phala whilst he himself had just been part of collapsing a bank.
@ayandafree4354
@ayandafree4354 Ай бұрын
Imagine Shivambu the Minister of Finance!!! Yhoo!! Lol!
@granvillehilton3078
@granvillehilton3078 Ай бұрын
Agreed.
@berenecewessels6543
@berenecewessels6543 Ай бұрын
@ayandafree4354 Imagine there wud of been no Banks in SA money all stolen
@user-wv2ti7ye1j
@user-wv2ti7ye1j Ай бұрын
No ways
@lyma3880
@lyma3880 Ай бұрын
😂😂😂😂
@m.x.refrigxolani8365
@m.x.refrigxolani8365 Ай бұрын
That vbs building looks like prison.🥶🥶
@antonvrb1510
@antonvrb1510 Ай бұрын
Come on Hawks, its been eight years.
@soniadevos510
@soniadevos510 Ай бұрын
Some could go on in life and strong enough, many died paupers, with no jeans to decent funerals, others died because of their devastating news and situation, others committed suicide do every death can be classified as murder or manslaughter. It is not just theft, it extends to much more than that. People have lost their safety net and comfort, not that they were ever very comfortable, but they were making preparations for a better future for themselves and their family. It is a devilish plot when others benefit at such an expense of thousands of lives destroyed. When you look at and feel sorry for others suffering in wars all over the world, this an example of similar devastation in thousands that are suffering under our very own SA flag. Very sad
@LindseySeymour-lq3kw
@LindseySeymour-lq3kw Ай бұрын
Well done interviewer. You had a harder job than a dentist pulling teeth.
@rinky17888
@rinky17888 Ай бұрын
They bought movable assets. Shoes , cars , liquor and had birthday party’s. How are gonna pay back the money? Zuma should sing the same tune to Malema .Pay back the money 😂😂😂😂
@user-ye4or5uq3m
@user-ye4or5uq3m Ай бұрын
Zuma also took loan from vbs and he never paid back!!
@noziphojakuja9898
@noziphojakuja9898 Ай бұрын
He also must pay back the loan
@lyma3880
@lyma3880 Ай бұрын
😂😂😂😂😂
@ericseun5240
@ericseun5240 28 күн бұрын
ziyakhala
@MirriamSofe-yj9pq
@MirriamSofe-yj9pq Ай бұрын
If youre called to an interview,don't you prepare?😮😮😮😮You're bodylanguage doesn't show respect when you're reflected for us to see.You don't answer properly because you're busy with something else😮😮😮
@grahamleigh8398
@grahamleigh8398 Ай бұрын
Quite right. Ask more capable people who have lost so much.
@grahamleigh8398
@grahamleigh8398 Ай бұрын
Ten years and out in 3 or 4. What a joke.
@charliepepper3039
@charliepepper3039 Ай бұрын
Malema stole from the mouths of the poorest of the poor. Old goggos who have so little and saved for years to have a pension who now have nothing, but Malema can spend R30 000 on a pair of shoes!!
@mthokozisilanga4497
@mthokozisilanga4497 Ай бұрын
The EFF leadership was fighting WMC in the VBS, thinking it was ABSA
@husainalli
@husainalli Ай бұрын
The janitor knows more
@nothembajozi2862
@nothembajozi2862 Ай бұрын
Both the VBS and Phalaphala had donation's Tax implication and it was evaded. Remember that Income Taxpayers as you submit your tax returns next week.
@Yvdberg
@Yvdberg Ай бұрын
What is going on here? Are they having two different conversations?
@vusidumisanimiya994
@vusidumisanimiya994 Ай бұрын
It's sad what this guy's did with our pensioners and then you will find some EFF staunch supports defending those whom are implicated. This organization will one day be similar to COPE
@user-uk7cc4nm5c
@user-uk7cc4nm5c Ай бұрын
This is like the movies they lucky they never pist of a beekeeper
@carmenleite5251
@carmenleite5251 Ай бұрын
Why did they not pick it up sooner with a forensic audit
@kealebogakgatitswe8546
@kealebogakgatitswe8546 Ай бұрын
Years later no attempt has been made to recover or indemnify those who lost their deposits?😮🙆
@kobusvandermerwe-s2s
@kobusvandermerwe-s2s Ай бұрын
The must be pròsicutè
@draterlarebil4506
@draterlarebil4506 Ай бұрын
EFF
@sifisodube4686
@sifisodube4686 Ай бұрын
Those ones must be arrested
@lynnetheron
@lynnetheron Ай бұрын
EFF = Everything For Free😊
@user-wv2ti7ye1j
@user-wv2ti7ye1j Ай бұрын
Stealing from poor people
@scottgordon1781
@scottgordon1781 Ай бұрын
Hmm , not naming names :-) Thought all 'investors ' got R100k at least ? Not so apparently .
@sizakelekubeka281
@sizakelekubeka281 Ай бұрын
Zakhala!!!!
@mapitsithamaga-xn3oi
@mapitsithamaga-xn3oi Ай бұрын
Certain ways of accumulating money are cheap, evil, selfish and worse than poverty, however, in SA you are somewhat celebrated for being able to be skillfully corrupt
@sifisodube4686
@sifisodube4686 Ай бұрын
Malema should , floyed shibambu they should never ashamed of them selves
@user-wv2ti7ye1j
@user-wv2ti7ye1j Ай бұрын
Pay back money
@elizabethandrsu369
@elizabethandrsu369 Ай бұрын
This is an sad story 'cause the old poor people lost their money here. If one has done this must please give back to people . This is a sad case because poor people and Gogos lost their money.(Ityala aliboli)
@taoteching7784
@taoteching7784 Ай бұрын
Was it a ethnic bank ?? What does VBS stand for???
@HelloWorld-th9vb
@HelloWorld-th9vb Ай бұрын
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