News Articles and Press & media releases

SAICA Announces the Disciplinary Committee Outcome on Tshifhiwa Matodzi

Last Updated Feb 2019

Johannesburg, 20 February 2019 – SAICA hereby informs all stakeholders that the hearing in respect of Mr Tshifhiwa Matodzi, the former Chairman of the Board of VBS Mutual Bank, was concluded on 19 February 2019. The Disciplinary Committee has ordered the cancellation of Mr Matodzi's membership from SAICA in terms of SAICA By-law 30.2.

Details of the hearing are provided below:

Name of accused

Mr Tshifhiwa Matodzi

Membership No.


Case No.



For the Disciplinary Committee to consider the application of SAICA By-law 30.2 in light of the provisional sequestration order of the member.

Date of hearing

19 February 2019


09:00 or as soon thereafter as the matter may be heard


17 Fricker Road, Illovo, Sandton, Johannesburg

SAICA can also confirm that the part-heard sequestration matter of Mr Andile Ramavhunga, former CEO of VBS Mutual Bank, will proceed in April 2019, the actual date of which will be confirmed in due course. Please visit the SAICA Governance site for more information.

The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The Institute provides a wide range of support services to more than 46 000 members and associates who are chartered accountants [CAs(SA)], as well as AGAs(SA) and ATs(SA), who hold positions as CEOs, MDs, board directors, business owners, chief financial officers, auditors and leaders in every sphere of commerce and industry, and who play a significant role in the nation’s highly dynamic business sector and economic development.

 SAICA Media Contact
Kulani Chauke
Communication Coordinator: Corporate
SAICA Brand Division
011 479 0698

Issued on behalf of:
Freeman Nomvalo