Kieno Kammies speaks to Sikonathi Mantshantsha Deputy Editor at Financial Mail

Reserve bank governor Leseja Kganakgo announced that VBS Mutual bank will be placed under the curatorship of SizweNtsalubaGobodo Inc. At the briefing the Govenor stated that “VBS experienced increasing liquidity challenges over the last 18 months. These problems emanated from a failure of the board of directors and executive management to manage the bank’s rapid growth and its funding and liquidity position.”