The case of VBS Bank – an analysis and proposed solutions

By Yamkela F Spengane 14 March 2018 So, on Sunday evening the South African Reserve Bank (SARB) placed VBS Mutual Bank under curatorship effective from 17:00 of that evening, 11 March 2018. SizweNtsalubaGobodo (SNG) Advisory Services was appointed as curator of the bank, effectively dissolving the existing board of the bank and taking custodianship of …