Jail them and throw away key
The demise of VBS Mutual Bank, a beacon of hope meant to rescue black people out of a sea of poverty, has now added to their financial misery.
The fleecing of billions of rands by VBS executives has led to a shameful scandal.
After the Reserve Bank probe revealed the widespread looting, there is still a disingenuous spin on the part of the leadership about what happened to the R1.9bn.
The bank bosses’ dalliance with politicians, like the R7.8m loan to former president Jacob Zuma to repay some of the Nkandla money, is just one of many indiscretions.
All those implicated of pocketing money belonging to investors and residents of rural municipalities must face the full might of the law.