It came as Muambadzi's son was about to get married, and university fees were due for another child.
"The ladies started looking at me suspiciously thinking I had stolen the money," she said of her savings club, known as a stokvel, into which members contribute an agreed amount each month.VBS was founded in 1982 at the height of apartheid in the Venda homeland, an area of modern-day Limpopo province reserved by white authorities for black communities.
Retired university lecturer and minority shareholder professor Elwani Khuba said she saved at the bank because it promised to guarantee her future.Now,"I'm still waiting to get my money and the value of my shares."Khuba had hoped"to give this legacy to my children and also to my grandchildren.
What is the progress of the VBS investigation? Or has that been expediently suspended until after the Election?
R u recycling news lyk dstv movies?
What is very concerning the VBS looters are now celebrated as heroes..twisted brains of some dunder heads
What pain me worse is that S.A media shifted all the blame on EFF even thou the poor EFF is not there in any report of VBS wrong doings. Even in the main report of Terry Motau there is no EFF but you lied to the country about EFF being involved. U hv turned into fake news media
In the case of African Bank, they established Good and Bad bank... In this case all was killed.
What I find fascinating is that the EFF, the party of the poor, have not accused, harassed or slapped anyone regarding this theft from the poor at VBS. In fact, the only people they have attacked is the SARB who had the misfortune of bringing the matter to the public domain.
Proudly EFF 👍🏻 “For the poor people”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Poor South African savers ruined by bank collapseFear spread through poor rural communities across South Africa in November when VBS, a regional bank that catered to poorer customers, collapsed. Keep your money in a hole in the back yard...safest
Source: ewnupdates - 🏆 30. / 53 Read more »
Newsdeck: South African Business Confidence Declines to Five-Month LowSouth Africa: South African Business Confidence Declines to Five-Month Low By Bloomberg
Source: dailymaverick - 🏆 3. / 84 Read more »
Injury-hit Hurricanes sign South African lock FerreiraThe Hurricanes were looking short of options after a pectoral tear last month sidelined Lousi for the season, but coach John Plumtree put his experience working in South Africa to good use and recruited Ferreira.
Source: ewnupdates - 🏆 30. / 53 Read more »
Wellington Hurricanes sign South African lockFormer Golden Lions lock, Andries Ferreira has joined the injury-hit Hurricanes to replace Sam Lousi who's out for the season.
Source: eNCA - 🏆 49. / 51 Read more »
Go green with the proudly South African plant SpekboomThe drought-tolerant plant grows well in gardens or in a sunny indoor spot.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Take a look: South African farmers have built the first floating solar park in AfricaFound on the picturesque farm Marlenique Estate, just outside of Franschhoek, the floating solar park can produce 60 kilowatts of energy. BISouthAfrica Crazy to use land for solar panels. Every building in SA should have them BISouthAfrica Some folks are simply more competent than others. BISouthAfrica Good, to hell with Eskom.
Source: News24 - 🏆 4. / 80 Read more »
South Africans give American tips on finding a wife here: Lure them with biltong and cashAn American has fallen in love with SA and is turning to the internet for tips on how to find a South African wife. We give the Kelly Khuma... women r the same be u. make thou they understand english. We have 11languages
Source: TimesLIVE - 🏆 28. / 59 Read more »
FACT CHECK - ANALYSIS: South African industry falsely blames job losses on sugar taxEven before the sugar tax was introduced, key stakeholders in the sugar industry were arguing that it would cause massive job losses. Now, less than a year after its implementation, there are calls for a moratorium on the tax.The argument is that the tax is directly responsible for the loss of anything from 1,000 and up to 10,000 jobs. In reality, there is no firm evidence to support that claim – and the industry faces much greater challenges. Yeah bt it was about tym they implement that law. Food companies r killing us with so much sugar in food! They don't even disclose true information of their products so we can't even choose 2 buy healthy groceries! 20 years is a very short time to have half the population obese They shud also control the amount of chemicals we consume nd have some banned. What is happening in SA is crime against humanity
Source: dailymaverick - 🏆 3. / 84 Read more »
Caster Semenya takes 2018 Most Influential Young South African titleHot on Caster's heels is EFF spokesperson Mbuyiseni 'The People's Bae' Ndlozi who came second in the poll.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Ramaphosa letter exchange with little girl wins Twitter praise'Daisy from East London' has much admiration and some questions to ask the South African president.
Source: TheCitizen_News - 🏆 6. / 75 Read more »