Kganyago slams municipalities for VBS transactions

0
180
SARB governor Lesetja Kganyago. Picture: Gallo Images.

Reserve Bank governor Lesetja Kganyago has lashed out at municipalities who placed deposits with the embattled mutual bank, VBS.

Kganyago said municipal officials knew they were breaking the law as such transactions were against the Municipal Finance Management Act.

He also announced that ordinary citizens who have made deposits at VBS will be able to access their money from Nedbank from Friday. – Afro Worldview Reporter

NO COMMENTS

LEAVE A REPLY