https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
South Africa|State Capture|ActionSA|VBS Mutual Bank|Alan Beesley
|||
south-africa|state-capture|actionsa|vbs-mutual-bank|alan-beesley
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

ActionSA welcomes results in VBS case but criticises delays


Close

ActionSA welcomes results in VBS case but criticises delays

Should you have feedback on this article, please complete the fields below.

Please indicate if your feedback is in the form of a letter to the editor that you wish to have published. If so, please be aware that we require that you keep your feedback to below 300 words and we will consider its publication online or in Creamer Media’s print publications, at Creamer Media’s discretion.

We also welcome factual corrections and tip-offs and will protect the identity of our sources, please indicate if this is your wish in your feedback below.


Close

Embed Video

ActionSA welcomes results in VBS case but criticises delays

ActionSA logo

21st April 2026

By: Thabi Shomolekae
Creamer Media Senior Writer

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

ActionSA has noted the recent sanctioning of a former audit partner linked to the VBS Mutual Bank scandal, nearly eight years after one of South Africa’s most devastating corruption episodes unfolded, but said accountability was delayed.

ActionSA Member of Parliament Alan Beesley pointed out that while the imposition of a lifetime ban and financial penalties marked a long-overdue step toward accountability, it showed that delivery of justice in South Africa remained slow and inconsistent.

Advertisement

He explained that the VBS scandal was never only about corrupt politicians and municipal officials.

“…it was enabled by a broader network of professionals entrusted with safeguarding financial integrity, including auditors who failed in their duty and, in doing so, facilitated the looting of nearly R2-billion. The consequences were borne by some of the most vulnerable communities in our country.

Advertisement

“That meaningful consequences are only now materialising, years later, demonstrates that South Africa still lacks a corruption framework that guarantees swift and certain accountability — not only for those who steal public funds, but also for those who enable and conceal it,” he said.

Beesley maintains that professional sanctions alone are insufficient, demanding criminal prosecution for misconduct to break the culture of impunity for well-connected individuals.

The delayed accountability highlighted systemic failures in addressing corporate complicity, he said, and demanded faster, consistent justice across public and private sectors.

“This case also raises broader questions about transparency and accountability in how corporate complicity in State Capture-era scandals is resolved. South Africa cannot afford a system where accountability is delayed by years and applied unevenly across sectors. Corruption is a system of collusion that spans both public and private actors,” said Beesley.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      ARTICLE ENQUIRY      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za