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πΏπ¦ South Africa bank heist: Can VBS Mutual Bank be saved? | Al Jazeera English
πΏπ¦ South Africa bank heist: Can VBS Mutual Bank be saved? | Al Jazeera English
It has been called the biggest bank fraud in the South African history.
More than $130 million was stolen from VBS Mutual Bank, leading to its collapse.
In his maiden budget speech, the local media reported, South Africa's Finance Minister Tito Mboweni has suggested the bank can be saved.
But if it isn't, it's the poor who'll end up paying the ultimate price.
Al Jazeera's Fahmida Miller from Limpopo province, South Africa.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/
#SouthAfrica #VBSBankHeist #SouthAfricaCorruption
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Follow on TelegramIt has been called the biggest bank fraud in the South African history.
More than $130 million was stolen from VBS Mutual Bank, leading to its collapse.
In his maiden budget speech, the local media reported, South Africa’s Finance Minister Tito Mboweni has suggested the bank can be saved.
But if it isn’t, it’s the poor who’ll end up paying the ultimate price.
Al Jazeera’s Fahmida Miller from Limpopo province, South Africa.
– Subscribe to our channel: http://aje.io/AJSubscribe
– Follow us on Twitter: https://twitter.com/AJEnglish
– Find us on Facebook: https://www.facebook.com/aljazeera
– Check our website: https://www.aljazeera.com/
#SouthAfrica #VBSBankHeist #SouthAfricaCorruption
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