Absa bail out leads to call for enquiry into SA's long history of state capture

Senior research associate at the Institute for Justice and Reconciliation, Hennie van Vuuren, says the leaking of the Public Protector's report on the Absa apartheid bank bailout did not allow for some of the facts to be aired.

Van Vuuren says South Africa would have had a breakthrough, if it is true that former Reserve Bank Governor Dr Chris Stals provided new evidence to former Public Protector Thuli Madonsela.

Mail & Guardian reported that the Public Protector’s leaked preliminary report indicates that Stals said Absa did indeed agree in 1992 to repay interest on the loan agreement that formed part of the Bankorp lifeboat.

However, Business Day reports that Stals says claims attributed to him were wrong.

We need to understand how state capture has worked in our country for a very long time.

Hennie van Vuuren, Senior research associate at the Institute for Justice and Reconciliation

Listen to the audio below for more analysis...


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