File: VBS Mutual Bank was looted of billions of rands before its collapse in 2018.
AFP
JOHANNESBURG - VBS Mutual Bank could be revived with the assistance of a local community trust.
The Matsila Community Development Trust wants the licence reactivated.
Acting on behalf of the VBS Shareholders’ Forum, it has sent an official letter to the central bank.
The trust wants to discuss converting VBS' licence to a commercial one, in a process that could take between 6 and 9 months.
Source
eNCA
