NEWS ANALYSIS
The government must sue to recover up to R2.25-billion from Absa, as repayment for an apartheid-era lifeboat, the public protector has provisionally found.
If that doesn’t change, the people of Qatar may be mildly miffed at having to shell out their R75-million share. South African government employees may not be thrilled either.
As the Mail & Guardian first reported on Friday, a provisional finding from public protector Busisiwe Mkhwebane holds Absa liable for the repayment of a R1.125-billion gift – an unlawful bailout – from the government to the Bankorp group in the early 1990s.
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