Johannesburg - The Congress of South African Trade Unions (Cosatu) in Limpopo says it will embark on rolling mass action against individuals and entities in the province who looted the collapsed VBS Mutual Bank.

Provincial secretary Gerald Twala said the labour federation would organise marches to seven Limpopo municipalities who illegally deposited a combined R1 billion into the mutual bank and demand that implicated officials and politicians resign.

''We are going to mobilise our alliance partners, civil society and the VBS depositors, majority of whom are elderly and poor to join the demonstrations," Twala said.

"As part of our rolling mass action, the federation is going to organise and lead demonstrations on November 2 to all the seven implicated municipalities and demand accountability and resignation of politicians and senior officials who took illegal and unlawful decisions to invest public monies into VBS."

Limpopo municipalities who deposited cash at VBS include Tubatse Fetakgomo, Greater Giyani, Lepelle Nkumpi, Collins Chabane, Epharaim Mogale, Makhado and the Vhembe district municipality.