NATIONAL ASSEMBLY
QUESTION FOR WRITTEN REPLY
QUESTION NUMBER: 2517 [NW2804E]
DATE OF PUBLICATION: 31 AUGUST 2018
2517. Mr K J Mileham (DA) to ask the Minister of Finance:
Whether the SA Reserve Bank or any of its departments conducted any form of compliance monitoring on the VBS Mutual Bank relating to its acceptance of illegal deposits from municipalities (a) in the (i) 2014-15, (ii) 2015-16, (iii) 2016-17 and/or (iv) 2017-18 financial years and (b) since 1 April 2018; if not, why not; if so, (aa) on what date did such compliance monitoring take place and (bb) what (i) were the findings and (ii) action was taken in each case? NO2804E