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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Interesting news:- ANC top brass meets Limpopo leaders over VBS ‘heist’, who’s going to blame who!
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ANC officials from Limpopo are expected to meet with the leadership of the party at Luthuli House on Monday to discuss the matter.
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Viceroy Labels Capitec A Loan Shark, Wants Bank Placed Under Curatorship
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Viceroy says it has found that Capitec has been advising and approving loans to delinquent customers in order to repay existing loans.
The Viceroy research group has called on the Finance Minister and the South African Reserve Bank to immediately place Capitec under curatorship after branding the bank as a “loan shark with massively understated defaults – masquerading as a community finance provider”.
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