Public Protector’s leaked report causes stir
The leaked report from the current Public Protector on the loan between Bankorp and the South African Reserve Bank has caused a stir. The deal dates back to 1985 when the Central bank bailed out Bankorp, which has since been acquired by ABSA. The leaked report recommends that ABSA pays back a sum of R2, 2 billion. In 2002, a panel that was appointed to investigate the Reserve Bank's role, […]
