R2.8 billion
Total financial exposure
Suspended by KPMG in 2018. Arrested June 2020. Among 13 accused in main VBS trial, postponed to 9 February 2026.
Former KPMG audit partner who signed off on false VBS Mutual Bank financial statements, concealing the looting. Allegedly received R34M in payments from VBS. Suspended by KPMG in 2018. Arrested June 2020. Among 13 accused in main VBS trial, postponed to February 2026.
Pain points connected to Sipho Malaba's documented incidents
Audit Partner
KPMG South Africa
2010-01 – 2018-06(appointed)
Signed off on false VBS financial statements that concealed the looting. Allegedly received R34M in payments from VBS.
Signed off on false VBS financial statements that concealed the looting. Allegedly received R34M in payments from VBS.
Signed off on false VBS financial statements that concealed the looting. Allegedly received R34M in payments from VBS.
Signed off on false VBS financial statements that concealed the looting. Allegedly received R34M in payments from VBS.
Signed off on false VBS financial statements that concealed the looting. Allegedly received R34M in payments from VBS.