R2.3 billion
Total financial exposure
Among 13 accused in main VBS trial, postponed to 9 February 2026. Sequestrated (final order August 2019). Charged with 47 counts of theft, fraud, corruption, money laundering, and racketeering.
Former CEO of VBS Mutual Bank. Managed day-to-day operations during the looting period. Allegedly received R15.3M in just three days in October 2017; total of R23.4–R28.9M over 24 months. Charged with 47 counts. Sequestrated by court order August 2019. Among 13 accused in main trial, postponed to February 2026.
Pain points connected to Andile Ramavhunga's documented incidents
Chief Executive Officer
VBS Mutual Bank
2016-01 – 2018-03(appointed)
Worked under Matodzi's direction as VBS CEO. Managed day-to-day bank operations during the looting period.
CEO of VBS who managed day-to-day operations under Matodzi's direction as chairman and controlling shareholder.
Worked under Matodzi's direction as VBS CEO. Managed day-to-day bank operations during the looting period.
CEO of VBS who managed day-to-day operations under Matodzi's direction as chairman and controlling shareholder.
Worked under Matodzi's direction as VBS CEO. Managed day-to-day bank operations during the looting period.
Worked under Matodzi's direction as VBS CEO. Managed day-to-day bank operations during the looting period.
CEO of VBS who managed day-to-day operations under Matodzi's direction as chairman and controlling shareholder.
CEO of VBS who managed day-to-day operations under Matodzi's direction as chairman and controlling shareholder.
Worked under Matodzi's direction as VBS CEO. Managed day-to-day bank operations during the looting period.
CEO of VBS who managed day-to-day operations under Matodzi's direction as chairman and controlling shareholder.