South Africa

VBS hoodoo strikes West Rand municipality

29 October 2018 - 06:08 By POLOKO TAU
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The council's decision to place funds with VBS Mutual Bank has placed employees in jeopardy.
The council's decision to place funds with VBS Mutual Bank has placed employees in jeopardy.
Image: SABC

A Gauteng municipality that controversially invested R77-million in the beleaguered VBS Mutual Bank ran short of funds to pay its employees this week.

Times Select has learnt that the mayor, councillors, executives, managers and supervisors at the Randfontein-based West Rand District Municipality, west of Johannesburg, were among those who did not get their salaries on Thursday.

  • For more on this story, please visit Times Select.
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