VBS creditors receive 20c in the rand in second dividend payout, liquidator hails ‘fantastic’ recovery rate

December 17, 2024 By: 0 comments

<p><img src=”https://biz-file.com/c/2412/761020-208×117.jpg?2″ width=”208″ height=”117″ alt=”Source: © 123rf The Daily Maverick says 20 cents in the rand of VBS creditors’ claims will be paid out by the end of January 2025″ align=”left”><br><span >Source: © 123rf [[www.123rf.com 123rf]] The <i>Daily Maverick</i> says 20 cents in the rand of VBS creditors’ claims will be paid out by the end of January 2025&lt;/span><p>The VBS Mutual Bank liquidation team has so far recovered about 25.6% of depositors and municipalities’ lost money since the bank was stolen into insolvency by its managers, auditors, lawyers and politicians, resulting in its implosion in March 2018.</p><br> <a href=”https://www.bizcommunity.com/article/vbs-creditors-receive-20c-in-the-rand-in-second-dividend-payout-liquidator-hails-fantastic-recovery-rate-253807a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=254240″>Send to a friend</a></p><div style=”clear:left”></div>