Description
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.
Manganyela Ntombizonke Nomasonto –
Cas 1501 assignment 6
Manganyela Ntombizonke Nomasonto –
CAS1501 assignment 6
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