OpinionPREMIUM

WATCH: How and why VBS collapsed

Financial Mail editor Rob Rose leads this week’s edition of Editing Allowed and discusses VBS Mutual Bank

VBS Mutual Bank. Picture: SUPPLIED
VBS Mutual Bank. Picture: SUPPLIED

Rob Rose, Editor at Financial Mail leads this week's edition of Editing Allowed with some of South Africa's top editors.

The panel take a look at the collapse of VBS Bank (the bank that gave Zuma a loan to cover the cost for Nklandla). VBS declared itself a mutual bank and their growth was contributed to municipal funders who were illegal and they were warned about this they carried on with their illegal activities with absolute impunity throughout 2017.

Financial Mail editor Rob Rose led this week’s edition of Editing Allowed with some of SA’s top editors.

The panel looked at the collapse of VBS Bank (the bank that gave former president Jacob Zuma a loan to cover his costs for Nkandla).

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