WATCH: Ramaphosa answers questions in Parliament

File: President Cyril Ramaphosa has opened the government's two day Jobs Summit on Thursday.

File: President Cyril Ramaphosa has opened the government's two day Jobs Summit on Thursday.

Original image from GCIS

• Editor's note: This live event has ended. You may watch a recording above.

CAPE TOWN - President Cyril Ramaphosa answered questions in the National Assembly.

The session kicked off with a question about the VBS Mutual Bank.

Ramaphosa said shortly after he became President, he received briefings by government departments -- including a Treasury and Reserve Bank briefing -- on VBS on the Terry Motau report before its release.

Thre president said action should be taken against the officials, and in some instances, including political leaders who are responsible for depositing municipal funds into VBS, even though it was illegal.