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VBS: A Dream Defrauded

By Dewald van Rensburg
eBook
$17.00
By Dewald van Rensburg
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Originally the Venda Building Society, VBS Mutual Bank was a small, little-known lender in Limpopo before it rocketed from obscurity in 2016 by giving President Jacob Zuma a controversial home loan to repay the state for improvements to his Nkandla homestead. The bank was growing rapidly and sold itself as a fearless champion of black advancement. Its main shareholder, Vele Investments, was on a meteoric trajectory towards becoming a financial conglomerate worthy of national attention. When...

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