Absa bank

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Local

Parliament to challenge Public Protector’s report in court

Parliament said it would take Public Protector Busisiwe Mkhwebane's findings into Absa bank's misappropriation of public funds, on review. Mkhwebane recommended that Absa pay over a billion rand in interest from a loan to its predecessor, Bankorp, for an apartheid-era bailout. In a statement issed on Thursday, Parliament specified that the "allegations of maladministration, corruption, misappropriation of public funds and failure by the South African government to implement the CIEX […]

today23 June 2017

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