S/African leader vows to act against bank looters


Published on
07.11.2018 at 14h21
by
APA News

South African President Cyril Ramaphosa has said that the fraud and corruption that took place at the first and only black-owned VBS Bank was a tragedy against the most vulnerable in society, and “that action must be taken against those responsible for the crime.”Responding to oral questions in the National Assembly in Cape Town on Tuesday, the president said: “The real tragedy of VBS is that money was stolen from those in our society who could least afford it. It is a tragedy that has continued itself across several of our state-owned enterprises (SOE) in municipalities and in respect to several private companies.

“For the sake of our people and our…

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