(1)Whether, with reference to his reply to question 2150 on 9 November 2016 and noting the requirements of section 7(3) of the Local Government: Municipal Finance Management Act, Act 56 of 2003, the VBS Mutual Bank is a registered bank according to the Banks Act, Act 94 of 1990; if not, why has no action been taken against any of the specified municipalities that deposit funds with the specified bank; if so, (a) on what date was the bank registered and (b) what are the further relevant details in this regard;
(2) whether any action will be taken in future to prevent further deposits by municipalities with the bank; if not, why not; if so, what are the relevant details?