Recently appointed Public Protector Busisiwe Mkhwebane has fired her first salvo in office, releasing a report that implicates one of the major banks in wrongdoing.
Mkhwebane’s report details how banking giant Absa unduly benefitted from a state sponsored financial bailout towards the end of apartheid in the 90’s.
Detailing how Absa was secretly bankrolled by the state during apartheid years, Mkhwebane’s reports recommends that the bank pays back R2.2 billion that it received from state coffers.