South Africa: “First Black Bank” Collapses after Being Looted by Owners

South Africa: “First Black Bank” Collapses after Being Looted by Owners
VBS Mutual Bank—lauded as the first bank in South Africa to be totally owned and managed by Africans—has collapsed after its owners stole all the cash and bribed government and local government offici…
South Africa: “First Black Bank” Collapses after Being Looted by Owners