Durban - A Durban church escaped just in time from investing millions in Venda Building Society Mutual bank (VBS).
Senior apostle Mxolisi Phakathi of Twelve Apostles Church, said they thanked Jesus that VBS officials at a Durban branch had delayed opening accounts for their church members.
Phakathi said the church pastor, chief apostle Ceasar Nongqunga, encouraged its 4.5million members to move money to VBS.
“Fortunately, the only account that was opened, was the church account.
“However, we had not put money into the account because there was still a process to be followed for all the other congregants to set up their accounts.
“We believe God saved us from investing in VBS,” said Phakathi.