VBS Mutual Bank: Limpopo ANC treasurer Danny Msiza, 7 others in court
(World News South Africa)

Pretoria - ANC treasurer in Limpopo, Danny Msiza, and businessman and former ANC Youth League member Kabelo Matsepe will appear at the Palm Ridge Court today together with six others for their alleged role in the looting of VBS funds. This after the brazen looting of R2.3 billion of VBS Mutual Bank that left thousands of people out of pocket. The Hawks pounced on the duo`s homes after receiving a warrant to arrest them. Reports say the two will be charged for violating the Public Finance Act for allegedly forcing Limpopo municipalities and mayors to invest in the now defunct VBS mutual bank. The governing party`s deputy chairperson and former mayor...