Municipalities that invested hundreds of millions into the VBS Mutual Bank are now ‘technically insolvent’ and some have had to postpone service delivery projects because they are broke. This was one of the revelations during a visit by the members of the parliamentary portfolio committee on co-operative governance and traditional affairs who grilled municipal officials … Continue reading Limpopo Municipalities that Invested in VBS Bank ‘Technically Insolvent,’ Cogta Committee Hears