LIVE VIDEO: Mkhize briefs CoGTA on VBS Bank scandal

South Africa

Today Zweli Mkhize will address Parliament’s CoGTA Portfolio Committee on municipalities that were affected by the VBS Mutual Bank scandal.

Last week, the Minister of Cooperative Governance and Traditional Affairs met with the 14 municipalities that invested money in the bank.

About a total of R1,5-billion was allegedly deposited into VBS as part of a short-term investment plan.




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