You South Africa

CLOSING IN ON THE HEIST

HERE was no brandishing of guns, no terrified customers lying on the floor, no screech of tyres from getaway vehicles. Still, it remains one of the biggest and most brazen bank heists in South African history.

With the help of a sophisticated network of bank employees, top executives and accountants at VBS bank siphoned off billions, padding their own pockets with money belonging to SA’s poorest and most vulnerable people.

Over a period of four years an entire bank was stolen – and even in a country wearied by corruption, this was gob-smacking.

The story broke in 2018 and was dubbed the scandal of the year. And then, as things often tend to do, it

You’re reading a preview, subscribe to read more.

More from You South Africa

You South Africa2 min readPolitical Ideologies
The Voting Station
ON 29 MAY 2024 South African adults are off to the polls. That means they get to vote in order to choose the leaders who will govern our country. It’s called the national election and it happens every five years. People line up at the voting stations
You South Africa1 min read
You South Africa
EDITORIAL TEAM 021-406-4552 you@you.co.za you.co.za ACTING EDITOR Shanaaz Prince DEPUTY EDITOR Wendy Stelzmann ASSISTANT EDITORS Sandy Cook, Jane Vorster CREATIVE DIRECTOR Anton Sassenberg ACTING NEWS EDITOR Nasifa Sulaiman(news@you.co.z
You South Africa3 min read
Chuckles
I was arrested for illegal fishing even though there was no “fishing prohibited” sign. Apparently it’s very clear that you’re not allowed to do that in a hotel lobby with an aquarium. I went to the doctor with suspected tennis elbow. After examining

Related Books & Audiobooks