TAGS

  • Bankorp
  • legal options
  • Public prosecutor’s report

 

Absa has received the Public Protector’s report on her investigation into the SA Reserve Bank’s assistance to Bankorp between 1985 and 1995. We are currently studying the report and will consider our legal options including seeking a High Court review.

Absa met all its obligations in respect of the loan provided by the SA Reserve Bank by October 1995. It is our firm position that there is no obligation to pay anything to the SA government.