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The group of seven who appeared in court on Friday now bring the number of accused in the matter to 14.
The accused were arrested following early morning raids by the Hawks on Thursday.
Earlier on Friday, Collins Chabane Municipal manager Charlotte Ngobeni made a brief appearance on charges of corruption and convention of the Municipal Financial Management Act. She was released on R50 000.
Seven people, arrested in connection with VBS Mutual Bank looting allegations, have been granted bail of between R50 000 and R100 000.
The men appeared in the Specialised Commercial Crimes Court in Palm Ridge on Friday and will join the other seven accused who were arrested in June last year.
VBS looting suspects to appear in court on Friday jacarandafm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jacarandafm.com Daily Mail and Mail on Sunday newspapers.
Five more arrested in VBS heist drama Updated
Andrew Robertson
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There have been more arrests in the VBS heist saga. The Hawks have taken five people into custody following raids in Gauteng and Limpopo earlier today.
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They ve been charged with theft, fraud, corruption, money laundering and racketeering in connection with the looting of over R2 billion of customers savings and investments at the mutual bank.
Katlego Mogale is the spokesperson for the Hawks. The arrested suspects include a General Manager of VBS responsible for credit facilities, a former Chief Operating Officer of VBS and CEO of Vele Investments.
Net closes on VBS looters with 5 suspects nabbed, more to hand themselves in Updated
JacarandaFM News
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The arrested suspects include a Managing Director of VBS responsible for Retail; a former Chief Operating Officer of VBS and Chief Executive Officer of Vele Investments; four commission agents, and an office-bearer of a political party in Limpopo.
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The Directorate for Priority Crime Investigation has arrested five suspects in an early dawn raid at various places in Gauteng and Limpopo Provinces.
The suspects are believed to have had a hand in the VBS looting and will be answering to charges relating to a combined 188 counts which include theft, fraud, corruption, money laundering, and pattern of racketeering activity.
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The Hawks have arrested a total of seven people in early morning raids in connection with the looting of VBS Mutual Bank.
They were arrested at various places in Gauteng and Limpopo.
They will be charged with theft, fraud, corruption, money laundering and racketeering.
Seven people are in custody in connection with VBS Mutual Bank looting allegations, following early morning raids by the Hawks on Thursday.
The Hawks conducted the raids at various places in Gauteng and Limpopo. Some people handed themselves over. They are expected to be charged with theft, fraud, corruption, money laundering and racketeering, and are scheduled to appear in court on Friday.