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South Africa: “First black bank” collapses after being looted by owners

 
The DarkShadow

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11/08/2018 08:11 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
It's not like anyone could have predicted that or anything.
Sikhed
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11/08/2018 08:14 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
tyronejesus
doom360
Schottlander

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11/08/2018 08:17 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
What does "VBS" in VBS Mutual Bank stand for ??

Very Black Sambo ?

5a 5a 5a
Naturalborntripper

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11/08/2018 08:21 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
tyronejesus
 Quoting: Sikhed


epiclol
Leftists are our greatest threat!

Patriot, Nationalist, Conservative, Millennial

Where's McCarthy when you need him!?

Cultural marxism is poison!

Brotherhood of Patriots

Right power!

To learn who rules over you, simply find out who you are not allowed to criticize.

Crush the leftist scourge!

The country I grew up in is not the same of today.

White power!

Equality is total nonsense!

Respect the natural order!

Power is to be wielded as a sword!

Righteous Revolution!
Seagull Lake

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11/08/2018 08:21 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
It is their utopia. Let them enjoy it!

I think all the Whites in SA should be forced to emigrate to a friendly European country (Or maybe North America!). That way they can't possibly affect the utopian future the Blacks are building for themselves in the new RSA. I'm sure that if there were no Whites in SA, that bank would surely still be solvent.
 Quoting: seekinginformation


I believe many Afrikaners would migrate to America if given a chance ( and the same luxury we’ve been giving other refugees (i.e. Somalis in MN )

A massive caravan of experenced farmers, hardworking, faith-filled people would be a gift for our country.
Seagull Lake
Seagull Lake

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11/08/2018 08:22 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
tyronejesus
 Quoting: Sikhed


Guilty lol.
Seagull Lake
WhateversClever

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11/08/2018 08:24 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
gomer
 Quoting: weaselboy


Right? haha “Imagine my shock.”
Born in the USA.
MyPillow

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11/08/2018 08:25 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
Just watch the Chinese step in to help fix the problem...
Some Guy in Indiana

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11/08/2018 08:25 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
cruiser
Sikhed
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11/08/2018 08:30 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
Just watch the Chinese step in to help fix the problem...
 Quoting: MyPillow


China can't fix them, (unless you're talking in a military ethnic-cleansing since.)

The blacks there hate them as much as the whites.
doom360
Shadowman33

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11/08/2018 08:45 PM
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Re: 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 officials into depositing money in the operation, an official inquiry set up by the South African Reserve Bank (SARB) has found.

According to the official report issued by the SARB, titled “The Great Bank Heist: Investigator’s Report to the Prudential Society,” the African owners at the VBS Mutual Bank “made away with almost R2 billion” in what it described as “a single criminal enterprise.”

VBS Mutual Bank became a mutual bank in 1992, and was listed on the South African Stock Exchange in 2017. It ran into what media called “liquidity problems” early in 2018, and was placed under curatorship in March this year.

The SARB report found that R1,894,923,674 (US$ 130 million) was transferred from the Bank to fifty three individuals between 15 March 2015 and 17 June 2018. According to the report, R16,148,569 (US$1.09 million) went to Brian Shivambu, younger brother of the anti-white Economic Freedom Fighter senior politician Floyd Shivambu.

Other cash went to local government officials in at least 15 regions as payments for switching banking facilities to the African-owned bank. Among those implicated are the African National Congress’s deputy chairman for the northern Limpopo province, Florence Radzilani, and that organization’s regional treasurer, Danny Msiza.

MORE: [link to newobserveronline.com]
 Quoting: Putin's Voluntaryist



So you're trying to tell me that the black bank employees within the banks employment chain including the top banking positions for this bank were incompetent, lazy, thieving, aswell as destructive and as a result the bank was plundered?
Say it ain't so... That couldn't have happened. We all know how hard working, and how amazingly responsible blacks are with numbers and money.

Whites must have went to a witchdoctor ,obtained many potions, some spells, and voodoo dolls before they gained access to the banks interior floor, safety deposit boxes , and vault while responsible ,hard working and diligent black bank employees held sustained levels of visual and electronic security over the entire bank.

And while the black bank employees held extremely tight visual and electronic security over the entire bank the whites must have put their potions, spells and voodoo dolls into work to confuse, manipulate,brainwash , and completely overtake the minds of the black bank employees.

Not only did the evil whites who plundered the bank manipulate and take control of the black bank employees but the evil whites forced these innocent black bank employees to hold onto the plundered cash and had the black bank employees spend the stolen cash at the black bank employees descretion which resulted in the stolen bank cash being spent as followed: approximately $43,200 on michael Jordan shoes, $28,500 hair extentions,$9,500 on skin bleaching cream, $8,800 on hair coloring packs, $3,300 on nail polish, $6,700 fried chicken , and lastly $6,300 worth of Newport cigarrettes.

THE BLACK SOUTH AFRICAN BANK EMPLOYEES MUST HAVE WENT TO THE SAME SCHOOL AS THEIR CURRENT SOUTH AFRICAN PRESIDENT JACOB ZUMA

LULZ!





(IN CASE YOU DIDN'T REALIZE IT YET, THIS POST OF MINE IS A JOKE AND IS THERE.SIMPLY FOR.THE LULZ!)
Shadowman
duFontaine.

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11/08/2018 08:49 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
africatoday
"Accept now that all you have seen from the day of your birth on the surface of the earth, to the present, are wonderful only because the finite mind of man is confused with fragments of evidence, that, from whatever direction we meet them, spring from an unreachable infinity."

"There was a man who could create what could not be imagined. A temple so great you questioned if it was built with human hands. A man who built an idea into the greatest force the world has ever known. A world built from a single word. I care not for the folly of man but for the end of human contention."
BlueMac

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11/08/2018 09:03 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
God's Clowns. Doing what dey do.
BlueMac
Trained Noticer

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11/08/2018 09:05 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
God's Clowns. Doing what dey do.
 Quoting: BlueMac


And this is why...
agd6d
For those who believe, no proof is necessary. For those who don't believe, no proof is possible. (Stuart Chase)
Bread Crumb

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11/08/2018 09:08 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
xxxcite
 Quoting: Cannabis Kills People


Cannabis never killed anyone. Please stop with the fake news.
 Quoting: smith357


killed your ability to respond to the proper thread
The truth is hate speech to those who hate truth
Sol-tari

User ID: 77094603
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11/08/2018 09:09 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
When's the government bailout?
Wanderer
Rufus Juice

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11/08/2018 09:09 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
look up Chicago's Shore Bank ~ same story.

predictable.
"When the power of love overcomes the love of power the world will know peace" Jimi Hendrix
Jumpin Jack

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11/08/2018 09:14 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
I bet if you dig into the details, that Maxine Waters is involved.
 Quoting: MyPillow


Yes, I imagine she was, to keep up her skill set!
Jumpin Jack
stinkfinger

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11/08/2018 09:15 PM

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Re: 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 officials into depositing money in the operation, an official inquiry set up by the South African Reserve Bank (SARB) has found.

According to the official report issued by the SARB, titled “The Great Bank Heist: Investigator’s Report to the Prudential Society,” the African owners at the VBS Mutual Bank “made away with almost R2 billion” in what it described as “a single criminal enterprise.”

VBS Mutual Bank became a mutual bank in 1992, and was listed on the South African Stock Exchange in 2017. It ran into what media called “liquidity problems” early in 2018, and was placed under curatorship in March this year.

The SARB report found that R1,894,923,674 (US$ 130 million) was transferred from the Bank to fifty three individuals between 15 March 2015 and 17 June 2018. According to the report, R16,148,569 (US$1.09 million) went to Brian Shivambu, younger brother of the anti-white Economic Freedom Fighter senior politician Floyd Shivambu.

Other cash went to local government officials in at least 15 regions as payments for switching banking facilities to the African-owned bank. Among those implicated are the African National Congress’s deputy chairman for the northern Limpopo province, Florence Radzilani, and that organization’s regional treasurer, Danny Msiza.

MORE: [link to newobserveronline.com]
 Quoting: Putin's Voluntaryist


So I am to believe that a couple of Africans were named Brian and Floyd? Are you f'n kidding me? This story lost me right there unless we are talking about white Africans.
Callin

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11/08/2018 09:19 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
I bet no one saw that coming...


cruiser
Justified
BremertonHardcorePunk​

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11/08/2018 09:26 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
LOL! Good one, OP!

Q: What does a black bank do?

A: It collapses.
Ruprecht

User ID: 75049243
United States
11/08/2018 09:28 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
I can't read the article yet ...because I'm on the floor laughing and laughing at the headline.


........epiclol
Ruprecht? Do you want the genital cuff?
hankie

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11/08/2018 09:31 PM

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Re: 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 officials into depositing money in the operation, an official inquiry set up by the South African Reserve Bank (SARB) has found.

According to the official report issued by the SARB, titled “The Great Bank Heist: Investigator’s Report to the Prudential Society,” the African owners at the VBS Mutual Bank “made away with almost R2 billion” in what it described as “a single criminal enterprise.”

VBS Mutual Bank became a mutual bank in 1992, and was listed on the South African Stock Exchange in 2017. It ran into what media called “liquidity problems” early in 2018, and was placed under curatorship in March this year.

The SARB report found that R1,894,923,674 (US$ 130 million) was transferred from the Bank to fifty three individuals between 15 March 2015 and 17 June 2018. According to the report, R16,148,569 (US$1.09 million) went to Brian Shivambu, younger brother of the anti-white Economic Freedom Fighter senior politician Floyd Shivambu.

Other cash went to local government officials in at least 15 regions as payments for switching banking facilities to the African-owned bank. Among those implicated are the African National Congress’s deputy chairman for the northern Limpopo province, Florence Radzilani, and that organization’s regional treasurer, Danny Msiza.

MORE: [link to newobserveronline.com]
 Quoting: Putin's Voluntaryist



So you're trying to tell me that the black bank employees within the banks employment chain including the top banking positions for this bank were incompetent, lazy, thieving, aswell as destructive and as a result the bank was plundered?
Say it ain't so... That couldn't have happened. We all know how hard working, and how amazingly responsible blacks are with numbers and money.

Whites must have went to a witchdoctor ,obtained many potions, some spells, and voodoo dolls before they gained access to the banks interior floor, safety deposit boxes , and vault while responsible ,hard working and diligent black bank employees held sustained levels of visual and electronic security over the entire bank.

And while the black bank employees held extremely tight visual and electronic security over the entire bank the whites must have put their potions, spells and voodoo dolls into work to confuse, manipulate,brainwash , and completely overtake the minds of the black bank employees.

Not only did the evil whites who plundered the bank manipulate and take control of the black bank employees but the evil whites forced these innocent black bank employees to hold onto the plundered cash and had the black bank employees spend the stolen cash at the black bank employees descretion which resulted in the stolen bank cash being spent as followed: approximately $43,200 on michael Jordan shoes, $28,500 hair extentions,$9,500 on skin bleaching cream, $8,800 on hair coloring packs, $3,300 on nail polish, $6,700 fried chicken , and lastly $6,300 worth of Newport cigarrettes.

THE BLACK SOUTH AFRICAN BANK EMPLOYEES MUST HAVE WENT TO THE SAME SCHOOL AS THEIR CURRENT SOUTH AFRICAN PRESIDENT JACOB ZUMA

LULZ!





(IN CASE YOU DIDN'T REALIZE IT YET, THIS POST OF MINE IS A JOKE AND IS THERE.SIMPLY FOR.THE LULZ!)
 Quoting: Shadowman33


You need to fix one part, voodoo does not come from Africa, it was imported from native American slaves to Africa by the Spanish and Portuguese, it as Native American as Apple fritters.
Sorry I got a headache

These are the times that tries men's and
women's souls!

May we come though it victorious!
Ruprecht

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11/08/2018 09:33 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
Kawanda needed a bridge. No really....he was going to build a bridge wid that monies. Swear on a stack of bibles.
Ruprecht? Do you want the genital cuff?
A Concerned Denizen

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11/08/2018 09:44 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
It is their utopia. Let them enjoy it!

I think all the Whites in SA should be forced to emigrate to a friendly European country (Or maybe North America!). That way they can't possibly affect the utopian future the Blacks are building for themselves in the new RSA. I'm sure that if there were no Whites in SA, that bank would surely still be solvent.
 Quoting: seekinginformation


I believe many Afrikaners would migrate to America if given a chance ( and the same luxury we’ve been giving other refugees (i.e. Somalis in MN )

A massive caravan of experenced farmers, hardworking, faith-filled people would be a gift for our country.
 Quoting: Seagull Lake


Hell, we will even let you bring your guns with you.
Chill dude, have a beer and enjoy the collapse.
Welcome to the Deplorable States of TRUMP. Papers please?
Death to Ayatollah Ali Khamenei - Death to Iran
Death to Kim Jong-un - Death to Democratic People's Republic of Best Korea
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Blab gobble doodle blurb!
Fucking obnoxious cretin.
What shit hole country did you shit hole people crawl out of?
Trained Noticer

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11/08/2018 09:49 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
Aww... Jes poot yooze munnizies in de bahnk here.
Idd be fahn.

bf12
For those who believe, no proof is necessary. For those who don't believe, no proof is possible. (Stuart Chase)
Etchasketch

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11/08/2018 09:53 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
Africa collapsed because it was looted by its owners.
CSnow

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11/08/2018 09:58 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
THE BLACK SOUTH AFRICAN BANK EMPLOYEES MUST HAVE WENT TO THE SAME SCHOOL AS THEIR CURRENT SOUTH AFRICAN PRESIDENT JACOB ZUMA

LULZ!
 Quoting: Shadowman33


The same school that Bill and Hillary Clinton, along with George Soros, and the owners of companies like Ben & Jerry or Starbucks, attended.

Race and skin color are traits easier to focus on because they're so visible. But the sleazy, slimy liberalism/leftism/libtardism that fuels people like much of the elite in South Africa, or various South American countries, or European nations, or in the many cities and governments of the US, are the ultimate in what explains the unethical, cunning behavior of humans.

"I feel your pain. Now shut the fuck up, hand over your money, and let me a social-justice warrior for you. xoxoxoxo."


.
Seagull Lake

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11/08/2018 10:46 PM
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Re: South Africa: “First black bank” collapses after being looted by owners
Have you seen the high comedy going on in their parliament?

Tragic, but hilarious.
Seagull Lake
FlashBuzzkill

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11/08/2018 10:51 PM

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Re: South Africa: “First black bank” collapses after being looted by owners
Africa First! Black liberation! White man is oppressing us! He has stolen everything from us!

tyrone1
Gen. John B Gordon and Gen. Nathan Bedford Forrest were the finest citizen-soldiers birthed in America.