Thursday 15 November 2018
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ebusinessweekly - 11 days ago

Explainer: lessons from the collapse of a small South African bank

 Jannie Rossouw The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity crisis. The initial findings of the curator revealed significant financial losses, which prompted a decision to institute a forensic investigation. This was completed by early October and handed over [ ]

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