VBS Mutual Bank

The curator of VBS has described a "fraudulent scheme of epic proportions".
The director of the company which is the majority shareholder in VBS is living the high life, while depositors struggle to draw R1,000 a day.
Reports allege the bank's shareholders used depositor's money, some of which belonging to municipalities, to finance their own lifestyles.
The DA says there needs to be an investigation into municipalities which deposited funds into VBS unlawfully.
Auditing firm KMPG is in the spotlight for dubious dealings. Political analyst Khaya Sithole gives us some insight into the company, and possible fallout.
The auditing firm says it has put a number of measures in place to avoid a repeat of the VBS debacle.