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.
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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.