[TOP STORY] VBS founding director hopeful that depositors will recoup some losses

Loading player...
‘What we expect is that at the end of the day, he will come back to the depositors and say, this is what I have collected, and then distribute it accordingly to the people who have lost money,’ says Madambi Muvhulawa, founding director of VBS Bank.
15 Jul 2024 8AM English South Africa Business News · Politics

Other recent episodes

Roadblocks go high-tech as fine enforcement ramps up

Gautrain concession ends as system returns to Gauteng government control. AI reputational damage sparks new legal frontier. Why SA’s female leaders are burning out – and what it’s costing us.
6 Mar 3AM 34 min

[TOP STORY] Africa’s growth outpaces world as global economy slows

‘A weak dollar is generally a good thing for emerging economies because it enables their central banks to keep on easing or to at least maintain their monetary stance and thus stimulate domestic demand,’ says Aroni Chaudhuri, chief economist for Africa at Coface.
5 Mar 8AM 9 min

Why are local governments losing so much money?

A new app puts road repairs in citizens’ hands. How a commodity boom could throw SA’s economy a lifeline. And SA’s expanding waistline: 46% of adults projected to be obese by 2035.
5 Mar 5AM 35 min