CAS1501 Assignment 6 2024

, CAS1501
ASSIGNMENT 6 2024

B1.1.1 Using the CASE STUDY, COPY the FULL NAME of the
bank as mentioned in the text (not the headline) of the
article.



VBS Mutual Bank



B1.1.2 From the CASE STUDY, in one full sentence summarise fully what
happened to the bank in 2018.


Case study:


In 2018, VBS Mutual Bank faced insolvency and bankruptcy, resulting in
approximately R2 billion being defrauded from South African citizens and
taxpayers. Subsequently, the bank was placed under curatorship.




B1.1.3 From the CASE STUDY, in one sentence summarise what was the
wider consequence to others mentioned in the article have been following
what had happened to the bank in 2018.

The broader impact highlighted in the article has led to the significant
impoverishment of its depositors, while benefiting its senior managers,
politicians, and certain board members.


B1.2.1 Using the CASE STUDY, give the name and surname of the
individual that the article reports on.


Dumisani Tshuma
B1.2.2 Using the case studygive the name and surname of the coaccused
of the individual in B1.2.1


Sipho Malaba