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.
Recommendedby NEWSROOM AI
Get a free credit report, then follow these five tips and see by how much you can improve your credit record.
Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.
Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.
Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...
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.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
The author of Exit, Grizelda Grootboom, explains how she was trafficked, drugged and sold for sex on the streets of Joburg.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
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?