Court ruling
A Johannesburg High Court judgment has ordered former VhaVenda king Toni Mphephu, his nephew Oscar Thobakgale and the Dzata Trust to repay R17.29-million linked to the VBS Mutual Bank scandal. The 2 March ruling by Judge Johann Gautschi found the payments from Vele Investments to be dispositions without value. Respondents failed to demonstrate any value received by the bank in return.
Reported by AI
Ethnic youth leaders across Nigeria have welcomed a court ruling affirming the January 1, 2026, rollout of the new tax regime, calling it a victory for national economic interests. They urged patience and support during the implementation to foster long-term stability. The decision clears legal hurdles amid ongoing reforms to address fiscal challenges.