JOHANNESBURG - VBS customers were queuing to draw their money on Friday after the Reserve Bank struck a deal with Nedbank to pay the mutual bank&39; customers their cash.
The bank was placed under curatorship earlier this year amid allegations of mismanagement and fraud.
The South African Reserve Bank (SARB) subsequently made provisions for VBS customers to access up to R100,000 of their funds through Nedbank.
Lines formed outside Nedbank branches in Limpopo on Friday.
Some relief for VBS Mutual Bank customers today. They&39;ll be able to access their funds at Nedbank branches this morning. VBS was placed under curatorship earlier this year, amid allegations of mismanagement and fraud. @ZikhonaTshona is in Thohoyandou.— eNCA (@eNCA) July 13, 2018
Courtesy DStv403 pic.twitter.com/CMTRmm13v7
VBS customers have, however, be urged to refrain from taking out all their funds for their own safety.