Absa is going to court to review Public Protector Busisiwe Mkhwebane’s report on a bailout the bank received during apartheid.
Mkhwebane found that Absa must pay back about R1.125-billion.
The bank accuses Mkhwebane of making “numerous misrepresentations and factual inaccuracies” to back up her findings.
The Money Show’s Bruce Whitfield interviewed Adv. Paul Hoffman, Director at Accountability Now, and Absa Spokesperson Songezo Zibi.
Listen to the interviews in the audio below (and/or scroll down for quotes from it).
She doesn’t mention the word ‘Sanlam’.— Songezo Zibi, Absa
It was handled by intelligence services at the time.— Songezo Zibi, Absa
The money never left the country.— Songezo Zibi, Absa
Sanlam’s policy holders are liable, but it would be impossible to recover.— Songezo Zibi, Absa
The South African Government erred in abandoning the investigation.— Adv. Paul Hoffman, Accountability Now
Absa may have some problems in getting a review.— Adv. Paul Hoffman, Accountability Now
She has not said ‘pay back the money’.— Adv. Paul Hoffman, Accountability Now
Before you get to a remedial action; your finding has to make sense!— Songezo Zibi, Absa
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.
In other words; you’re probably a victim. The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.
Every day JZ’s re-shufflin'! The longest lasting Cabinet? 18 months! Political analyst Gareth van Onselen breaks it down.
The Money Show’s Bruce Whitfield interviews Noseweek Editor Martin Welz, the man who broke the story back in the mid-90s.
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.
People do some very interesting things for a living, but some job titles are given more credit than others.
This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.
The EFF lawyer stole the show during the state capture report court battle.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?