City Press

PLANS TO REVIVE VBS BANK CONTINUE

Following numerous calls for a revival of the looted VBS Mutual Bank, the SA Reserve Bank this week confirmed that it was not possible to give the licence to another individual or another entity.

“The banking licence under which VBS Mutual Bank operated was suspended. VBS Mutual Bank, in its old form, cannot be revived. The old VBS Mutual Bank banking licence cannot be

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