---
title: "Watch: The pillaging of VBS Mutual Bank – Daily Maverick journalists unpack the fraud at the heart of the bank’s failure"
description: "Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove to be a smoking gun for many of the perpetrators of the fraud at the heart of the bank’s failure. In this video, journalists Pauli van Wyk and Neesa Moodley explain what happened."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "VIDEO"
author: "Neesa Moodley and Pauli van Wyk"
author_url: "https://www.dailymaverick.co.za/author/neesa-moodley-and-pauli-van-wyk/"
canonical_url: "https://www.dailymaverick.co.za/article/2024-07-30-watch-the-pillaging-of-vbs-mutual-bank-daily-maverick-journalists-unpack-the-fraud-at-the-heart-of-the-banks-failure/"
published: "2024-07-30T19:43:13"
updated: "2024-07-30T19:43:16"
lang: "en-ZA"
word_count: 20
---

# Watch: The pillaging of VBS Mutual Bank – Daily Maverick journalists unpack the fraud at the heart of the bank’s failure

> Although VBS Mutual Bank collapsed six years ago, it has been in the headlines this month following an affidavit by its former chairperson, Tshifhiwa Matodzi, that could well prove to be a smoking gun for many of the perpetrators of the fraud at the heart of the bank’s failure. In this video, journalists Pauli van Wyk and Neesa Moodley explain what happened.

By Neesa Moodley and Pauli van Wyk · Published 30 July 2024, 21:43 SAST · Updated 30 July 2024, 21:43 SAST

## Content

[YouTube video: "YouTube video"](https://www.youtube.com/watch?v=geMQgBnaHC0)

**Read more**: [Ex-VBS chair lifts the lid on how Julius Malema and Floyd Shivambu grabbed R16.1m from dying bank](https://www.dailymaverick.co.za/article/2024-07-11-ex-vbs-chair-lifts-the-lid-on-how-julius-malema-and-floyd-shivambu-grabbed-r16-1m-from-dying-bank/)