The #Ma-Afrika party wants the high court to dissolve the Merafong and West Rand municipalities for illegally depositing funds with VBS Mutual Bank
VBS Mutual Bank is now being liquidated. An investigation revealed a R2bn fraud allegedly perpetrated by the directors, politicians and auditors.Picture: ANTONIO MUCHAVE/SOWETAN
Despite Treasury regulations forbidding deposits into mutual banks, Merafong had deposited about R50m, while the West Rand district municipality deposited about R46m. It referred in its application to the precedent-setting judgment on the municipal council of Makhanda, formerly Grahamstown.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Laticia Jansen's family feel let down by police - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The family of murdered Gauteng learner, Laticia Jansen, say they feel let down by the police.
Read more »
WATCH| Three heartwarming moments from Enock Mpianzi's funeralAbout a week ago, Gauteng education MEC Panyaza Lesufi suspended the school's principal, Malcolm Williams.
Read more »
Gauteng's Traffic Police High-Speed Unit out to catch speedsters | Saturday StarOnce a driver has clocked over 161km/h on any of Gauteng’s highways or freeways, it is this team’s signal to spring into action.
Read more »
Gauteng goverment to reassess policies relating to extramural activities at schools - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Gauteng government says it will reassess its policies relating to extramural activities at schools to ensure the safety of learners.
Read more »
Another bullying incident reported at a Gauteng school, assault cases opened with policeLesufi said his department only learnt about the Roodepark incident on Saturday.
Read more »