VBS Mutual Bank (VBS) was placed under curatorship on 11 March 2018 in order to maintain the functioning of the bank and to promote the safety of depositors’ funds. This intervention was deemed necessary to, among other objectives, preserve depositors’ confidence and trust in the South African banking system.
"4 Of course, inflation has just about everyone's attention right now, which highlights a particular risk today: The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched. That brings me to the third lesson, which is that we must keep at it until the job is done.