VBS Mutual Bank, one of South Africa’s smallest lenders, has been put into administration after it was unable to repay money owed to municipalities, according to the country’s central bank.
The JSE is considering suspending Gupta-owned Oakbay Energy and Resources because it longer has an audit committee chairperson, sponsor or transfer secretary.
South Africa stepped in on Thursday to try to contain the damage from a stand-off between the country’s banks and Oakbay, a company owned by the Gupta family.
Anchor Capital provides a comprehensive market review covering everything you need to know about local and global markets.
The Auditor General’s most recent review of local government provided an unsurprising set of poor findings. The findings highlight the challenges facing the government in terms of efficient, effective management. It really all boils down to a lack of skills and leadership in the public sector. Looking to help the government on its path to … Read more