JOHANNESBURG – Early in September 2002, the Registrar of Banks placed the management responsibilities of this once proud bank (Saambou Bank) in the hands of a curator. Sounds familiar not so? The Minister of Finance “Trevor Manuel”, upon the recommendation of the Registrar of Banks has placed the VBS Mutual Bank under curatorship with effect..
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VBS and Saambou Bank: More in common than having collapsed
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Will South Africa end up like Zimbabwe? No, very much worse
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In this video by Suidlanders Media we see that in 1994 the media used Zimbabwe as an example of a successful multicultural country with a strong economy. They said South Africa could be just like them. Today the media says it’s impossible, South Africa will never be like Zimbabwe. They are right though, it will..
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