South Africa’s justice minister denies corruption in bank scandal

South Africa’s justice minister on Friday denied corruption allegations against her related to a mutual bank scandal in which thousands of retirees lost their life savings.

VBS Mutual Bank, which held the savings of retirees mostly from the northern Limpopo province and also unlawfully secured investments from local municipalities, was declared insolvent and bankrupt in 2018 after it emerged that more than 2 billion rand ($112 million)…