Economic Freedom Fighters party leader Julius Malema has been accused of benefiting from the looted money. He denies it. Photograph: Jordi Matas

Seven suspects accused of looting nearly €140 million from a South African bank that mainly served the rural poor have pleaded not guilty in court to (...)

 Floyd Shivambu and  Julius Malema of the Economic Freedom Fighters (EFF).  Photograph: Felix Dlangamandla/Foto24/Gallo Images/Getty Images

Allegations of corruption that have been levelled at the leadership of South Africa’s Economic Freedom Fighters (EFF) party could not have come at a w(...)

New South African minister for finance Tito Mboweni: set to announce government plans to deal with aftermath of financial scandal.  Photograph: Esa Alexander

An official probe into the failure of South Africa’s VBS Mutual Bank has alleged that €115 million (1.9 billion rand) was looted by 53 beneficiaries, (...)