The Great Bank Heist: How VBS bought the silence of two key PIC officials

While politicians used colourful rhetoric to iron out the VBS-creases in parliament and on the streets, the bank’s administrators bought the silence of two PIC officials tasked with safeguarding the fund manager’s investment. This is the story about Dan Matjila’s right-hand men – executive head for legal counsel, governance and compliance Ernest Nesane and executive head of risk Paul Magula – and how they personally benefited from the VBS robbery.