At least R730-million out of billions of rands looted from the defunct VBS Mutula Bank has been recovered, according to the Prudential Authority's last report.

THOHOYANDOU - It’s been almost six years since the looting of the VBS bank came to light. Yet the impact of its collapse is still prevalent today. Businessman Aubrey Mulaudzi, who lost R2.5 ...

VBS has its roots in a 1980s building society based in Venda, a rural area given a degree of autonomy by the apartheid government before 1994. It has 30,000 clients with deposits of around 800 ...