Venda Building Society Bank (VBS) is experiencing a cash flow problem and customers in Thohoyandou, Limpopo, could not withdraw money because the branch has not received cash.
VBS is the bank that has lent the ANC president Jacob Zuma R7, 8 million to pay his Nkandla luxury.
The bank could not confirm whether their bank is bankrupt although they admitted that their cash management provider experienced logistical problems.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
