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ABSA

ANC opposes ad hoc commitee investigation into Mkhwebane’s fitness to hold office
Article
/ 10 October 2017

ANC opposes ad hoc commitee investigation into Mkhwebane’s fitness to hold office

MPs have decided the justice and correctional services portfolio committee will look into the Mkhwebane’s fitness to hold office.

By Paul Herman
Public protector ‘tampering with evidence’ ahead of review
Article
/ 20 September 2017

Public protector ‘tampering with evidence’ ahead of review

Those allegations are not only unfounded but malicious, Mkhwebane says.

By Phillip De Wet
Reserve Bank, Absa slam protector
Article
/ 15 September 2017

Reserve Bank, Absa slam protector

Busisiwe Mkhwebane has been accused of a conspiracy with the spy agency and presidency

By Phillip De Wet
Absa CEO accuses Mkhwebane of ignoring evidence to manipulate Bankorp findings
Article
/ 14 September 2017

Absa CEO accuses Mkhwebane of ignoring evidence to manipulate Bankorp findings

Public protector made findings against Absa without pursuing evidence submitted by key witnesses, says Maria Ramos.

By Raeesa Pather
Public protector vows to ‘set the record straight’ on Reserve Bank allegations
Article
/ 12 September 2017

Public protector vows to ‘set the record straight’ on Reserve Bank allegations

"She’s setting the record straight … currently, how things are playing out, it’s a bit silly."

By Raeesa Pather
‘Protector used dodgy evidence’
Article
/ 14 July 2017

‘Protector used dodgy evidence’

Absa is fighting to overturn Mkhwebane’s findings on a ‘misappropriated’ Bankorp bailout

By Phillip De Wet
Reserve Bank will still go to high court over public protector’s report
Article
/ 11 July 2017

Reserve Bank will still go to high court over public protector’s report

Busisiwe Mkhwebane won’t oppose the Bank’s application to have the report reviewed but the Bank says there are factual inaccuracies in the report.

By Staff Reporter
Two days, two interdicts: Black First Land First flouts both
Article
/ 7 July 2017

Two days, two interdicts: Black First Land First flouts both

BLF leader Andile Mngxitama promised to continue his efforts “by any means necessary.”

By Phillip De Wet
ABSA granted interim order against BLF following ‘customer assault’
Article
/ 6 July 2017

ABSA granted interim order against BLF following ‘customer assault’

The interim order was granted in the South Gauteng High Court in Johannesburg late on Thursday afternoon.

By Kaveel Singh
Nehawu: ‘Constitutional democracy’ not compatible with democracy
Article
/ 26 June 2017

Nehawu: ‘Constitutional democracy’ not compatible with democracy

Recently, the ANC Women’s League also made similar remarks.

By Tshidi Madia
Absa to take public protector report to court
Article
/ 21 June 2017

Absa to take public protector report to court

Absa has said it is seeking a high court review of the Busisiwe Mkhwebane’s report on a bailout the bank received during the apartheid years.

By Staff Reporter
Public protector’s 30-year old bailout pursuit is sending SA on a wild goose chase
Article
/ 21 June 2017

Public protector’s 30-year old bailout pursuit is sending SA on a wild goose chase

Busisiwe Mkhwebane has touched on two highly contentious issues.

By Staff Reporter
Public protector: State, Reserve Bank failed to recover Absa billions
Article
/ 19 June 2017

Public protector: State, Reserve Bank failed to recover Absa billions

Busisiwe Mkhwebane has released the Ciex report – but the Guptas and their state capture links to politicians and state boards didn’t get a showing

By Raeesa Pather
Banks seek settlement — and also challenge collusion claims
Article
/ 12 May 2017

Banks seek settlement — and also challenge collusion claims

"Earlier this year, the commission brought a case against 17 major local and international financial institutions for collusion"

By Lynley Donnelly
​Big names missing, little names boastful on Sassa’s grants tender
Article
/ 28 February 2017

​Big names missing, little names boastful on Sassa’s grants tender

Absa fought tooth and nail on a previous tender, but now it is conspiciously absent.

By Phillip De Wet
Barclays Africa apologises for its role in rand-fixing
Article
/ 23 February 2017

Barclays Africa apologises for its role in rand-fixing

The bank’s South African unit, Absa, says the Competition Commission is not seeking any administrative penalty against it.

By Renee Bonorchis 1
Nationalisation will be the key pawn in this year’s game of politics
Article
/ 21 February 2017

Nationalisation will be the key pawn in this year’s game of politics

Nationalisation would leave people at the mercy of a government that has already proven to be self-serving and intent on growing personal wealth.

By Given Sigauqwe
Editorial: Real people win if cartels are cracked
Article
/ 17 February 2017

Editorial: Real people win if cartels are cracked

Beyond the language of price-fixing and collusion, this type of behaviour by bankers amounts to taking food off the tables of South Africans.

By Editorial
Banks bust: ‘Price-rigging’ fine would be enough to wipe out SA’s budget deficit
Article
/ 17 February 2017

Banks bust: ‘Price-rigging’ fine would be enough to wipe out SA’s budget deficit

If all 17 institutions are penalised, the country’s R140‑billion budget deficit could be wiped out in one fell swoop.

By Lynley Donnelly
Deconstructing ‘white monopoly capital’
Article
/ 27 January 2017

Deconstructing ‘white monopoly capital’

‘White monopoly capital’ is trotted out at whim. But we should beware hidden agendas

By Khadija Patel
OPINION: Public protector’s report fails to make a case against Absa
Article
/ 24 January 2017

OPINION: Public protector’s report fails to make a case against Absa

Instead, it relies on the Ciex report, which is little more than a sales pitch by a bounty hunter.

By Serjeant At The and Bar Author
LISTEN: Thabo Mbeki’s apartheid-era bailout interview with Madonsela
Article
/ 23 January 2017

LISTEN: Thabo Mbeki’s apartheid-era bailout interview with Madonsela

The ex-president was one of many prominent figures to be interviewed in the probe into a bailout given to Absa.

By Athandiwe Saba
ANC slams former public protector Madonsela over Absa apartheid bailout report
Article
/ 18 January 2017

ANC slams former public protector Madonsela over Absa apartheid bailout report

The party also criticised Madonsela for her handling of the State of Capture report.

By Staff Reporter
Former spy boss says the reason for not paying apartheid-era loans was a ruse
Article
/ 16 January 2017

Former spy boss says the reason for not paying apartheid-era loans was a ruse

Billy Masetlha told the public protector that Thabo Mbeki and Trevor Manuel’s justification was a ruse.

By Athandiwe Saba
FAQs: What you need to know about the public protector and Absa’s ‘apartheid bailout’
Article
/ 13 January 2017

FAQs: What you need to know about the public protector and Absa’s ‘apartheid bailout’

We answer some of the questions you had pertaining to the public protector’s preliminary report on the bank.

By Athandiwe Saba
Absa’s apartheid debt, the Broederbond and the British spy
Analysis
/ 13 January 2017

Absa’s apartheid debt, the Broederbond and the British spy

That the public protector’s finding on Absa is going to become a terrible political mess is inevitable, writes Phillip de Wet.

By Phillip De Wet
Editorial: The Absa quandary is Zuma’s to solve
Article
/ 13 January 2017

Editorial: The Absa quandary is Zuma’s to solve

When the apartheid state was dissolved, the expectation was that robust policy would ensure that black South Africans would be adequately empowered.

By Editorial
Absa may have to pay back apartheid-era bailout billions
Article
/ 13 January 2017

Absa may have to pay back apartheid-era bailout billions

The public protector has revived an old probe into a bank rescue, leaving the government red faced over its inaction.

By Athandiwe Saba and Phillip De Wet
What do the Guptas’ employees say?
Article
/ 26 April 2016

What do the Guptas’ employees say?

The Mail & Guardian spoke to some of the protesters who marched on three of SA’s biggest banks and asked them what they thought of the Guptas.

By Raeesa Pather
Cosatu slams banks for shunning Gupta family businesses
Article
/ 11 April 2016

Cosatu slams banks for shunning Gupta family businesses

Cosatu has lambasted businesses that have cut ties with the Gupta family’s Oakbay company, saying it would affect innocent workers as a result.

By Staff Reporter
Guptas become too hot to handle
Article
/ 8 April 2016

Guptas become too hot to handle

No one’s talking, but gauging from FNB, Absa and KPMG’s actions, it’s clear big business has hunkered down to avoid the political fall-out.

By Lynley Donnelly
KKNK: An Englishman in Oudshoorn
Article
/ 7 April 2016

KKNK: An Englishman in Oudshoorn

Satirist Justin Nurse attended the opening of a collection of visual arts exhibitions at The Klein Karoo Nasionale Kunstefees’s (KKNK) opening night.

By Staff Reporter
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