• HOME
  • WHO WE ARE
    • Our History
    • Achievements
    • Aims and Objectives
    • External Links
  • LEADERSHIP
    • National Office Bearers
    • Provincial Office Bearers
    • National Sector Coordinators
    • Heads of Departments
  • SECTORS
    • Transport Services
      • Rail
        • Freight (Transnet)
        • Passenger (Prasa)
      • Passenger Transport
        • Buses
        • Taxis
      • Freight and Goods Transport
    • Maritime Transport
    • Civil Aviation
    • Transport Infrastructure Services
      • Tollgates and Road Management
    • Property Services
    • Contract Security
    • Contract Cleaning
    • General Support Services
  • MEDIA CENTER
    • News
    • Galleries
      • Not Silent, Not Violent
      • ITG Global Women’s Conference
      • #Bring Back Our Girls Campaign
    • Publications
  • MEMBERS AREA
    • Why Join SATAWU
    • Who can join SATAWU?
    • Benefits of joining SATAWU
    • Download Constitution
    • Download Application Form
  • CONTACT

SATAWU Notes the Contents of the VBS Bank Report

October 10, 2018Zanele SabelaPassenger Trasport, Press ReleasesNo comments

South African Transport and Allied Workersโ€™ Union (SATAWU) has seen the report by Advocate Terry Motau into the circumstances that led to the demise of VBS Mutual Bank.

Released today, the report details how the directors of the bank and their associates looted more than R2 billion from the bankโ€™s coffers between 2015 and early 2018.

SATAWU has also noted the report makes mention that a group of SATAWU officials were paid a R1.5 million bribe late last year, to facilitate a R1 billion deposit by the Passenger Rail Agency of South Africa (Prasa) into VBS bank.

SATAWU is still studying the report. However, we would like to assure our members and the public at large that if it emerges that any of our staff were involved in this debacle, appropriate action will be taken.

 

For media queries contact:

Zanele Sabela, SATAWU Media Officer

011 403 2077/ zanele@satawu.org.za

Tags: Advocate Terry Motau, Prasa, VBS Bank Report

Related Articles

LISTEN: Autopax Admits Financial Crisis

January 28, 2020Zanele Sabela

Uncertain Future for Autopax Employees

January 28, 2020Zanele Sabela

SATAWU in the dark after VBS report

October 11, 2018Zanele Sabela

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn More About Us

  • Our History
  • Scope of the Union
  • Aims and Objectives
  • Achievements

Get in Touch

Email
Facebook
Twitter
Google+

News Report

  • SATAWU Position on the Opening of Land Ports of Entry
  • ๐’๐€๐“๐€๐–๐” ๐๐ž๐ซ๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐ฏ๐ž ๐จ๐ง ๐ญ๐ก๐ž ๐€๐๐ฃ๐ฎ๐ฌ๐ญ๐ž๐ ๐„๐š๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐“๐ก๐ซ๐ž๐ฌ๐ก๐จ๐ฅ๐ ๐›๐ฒ ๐ญ๐ก๐ž ๐Œ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐ฒ ๐จ๐Ÿ ๐„๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ ๐š๐ง๐ ๐‹๐š๐›๐จ๐ฎ๐ซ
  • Resuscitating the National Airline
  • ๐’๐€๐“๐€๐–๐” ๐Œ๐จ๐ฎ๐ซ๐ง๐ฌ ๐ญ๐ก๐ž ๐๐š๐ฌ๐ฌ๐ข๐ง๐  ๐€๐ฐ๐š๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐”๐Œ ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐’๐ž๐œ๐ซ๐ž๐ญ๐š๐ซ๐ฒ- ๐‚๐จ๐ฆ๐ซ๐š๐๐ž ๐Š๐จ๐ฅ๐ž๐ค๐ข๐ฅ๐ž ๐ƒ๐š๐ฏ๐ข๐ ๐’๐ข๐ฉ๐ฎ๐ง๐ณ๐ข
  • SATAWU Position on 16 Days of Activism Against Gender-Based Violence
Copyright@2018 SATAWU