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Absa must pay back R1.125 billion for irregular apartheid-era gifts: Public Protector

Absa must pay back R1.125 billion for irregular apartheid-era gifts: Public Protector

Public Protector Busisiwe Mkhwebane has issued a proclamation that the South African government is allowed to recover R1.125 billion in “misappropriated public funds” from Absa bank.

The proclamation comes after an investigation into a report on apartheid-era looting by UK-based asset recovery agency, Ciex, was submitted to the Public Protector for investigation.

According to Mkhwebane, government and the South African Reserve Bank failed to implement the Ciex report, and ordered that the Special Investigation Unit re-open the case and recover the funds.

The Ciex report alleged that R24 billion was unlawfully given out to Bankorp (which would eventually become a part of Absa) from 1985 to 1992 by the South African Reserve Bank. It then provided Absa with a further R2.25 billion in bailouts from 1992 to 1995.

Ciex was paid 600,000 British pounds for services which were never used by government, the Public Protector said.

Mkhwebane said that two investigations into the matter established that the financial aid given to Bankorp/Absa was irregular, but the correct amount attributable was R1.125 billion.

A preliminary report on the Public Protector investigation was leaked earlier in the year.

At the time Absa responded to the report, saying that the Davis Panel of experts appointed by former South African Reserve Bank governor Tito Mboweni in 2000 found that Absa’s shareholders did not derive any undue benefit from the Sarb’s intervention, and as such no claim of restitution could be pursued against Absa.

Mkhwebane said that the Reserve Bank must cooperate with SIU in the recovery of the public funds.


Read: Calls for a full scale investigation into R26 billion in apartheid-era bailouts


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  • victory

    Good all oppressors must pay back the money and those who sell our country to the foreigner ppl must be punished

    • Greg

      Like that MUTANT, IMBECILE, MORON and LOSER – ZUMA and his GUPTA THUGS

  • SpiritOfNehanda

    …yet when we said it, they said we were imagining things. Pay back now. These guys are definitely beneficiaries of Apartheid.

    • victory

      And I hope R1 1billion won’t end up in Guptoos back pocket

      • Paul Goodwill

        Of course it will.

  • Zuptafamily

    This woman is a captured zanc clown. When is zanc going to account for the R700 BILLION that has gone missing from Mandelas time to now. zanc are a bunch of sociopathic thieves.

    • Candice

      It was not going to be monday with dom comment from you

      • Zuptafamily

        Only a zanc would be thick enough to comment like you. I can picture you with your Chinese wig & fake colonial twang.

      • Guest1

        You really have not read our own comments then, as your incompetence is radiating through it. But what ells can one expect from an BEE employee.

        • Candice

          Fack off stupid dom kop!

          • tongue in cheek

            wow, profound statement

          • Jacobus Pienaars

            In Afrikaans that is one word… “domkop”. So, either you are not Afrikaans or you are a very dumb Afrikaans person who cannot spell.

          • Chroom

            Dit is waar, hier sien jy gewoonlik hoe slim of dom die ouens is.
            die intelligensie en intelek kom hier na vore.

          • S’nyakanyak

            Hierdie gesprek is besig om te ontspoor!

          • Spelreëls (Engels of Afrikaans) is iets onbekend op die Internet. (Het “Internet” ‘n regte Afrikaanse benaming? Ek ken dit nie!)

          • Chroom

            watch your language, you dom kop.

      • Thinus

        Does help to comment under a made up name “Staff Writer”. My BB time to reign your weasels in and start monitoring their accounts.

      • Demisemi

        Stop trolling here ‘Candice’ [ nice fake name there ]

        Anyone who supports the cANCer these days is a paid shill.

      • Blapartheid Zulu

        What’s so dom about his comment? Oh I see…. the undervalued R700 billion part….ok I agree…. it should be a lot more

      • bengine

        ditto

    • Nofearorfavor

      Wonder if they’re collecting pennies now to pay for what we hope will be the state versus the guptas’ front man and his lackeys?

    • Something has clearly happened to wake up the Gupta Protector. The flood of incriminating emails, perhaps?

    • Blapartheid Zulu

      Only R700 billion? Over 22 years? It can’t be that little….

    • Dominant-Gene

      Pampoen!!

      • Zuptafamily

        F u c sucker

      • Zuptafamily

        You that thing that the Egyptians flushed down the nile?

      • Aristophanes

        Guptroll!!

        Eleven whole posts. Your, mommie must be so proud of you..

        And hopefully the Zuptas are rewarding you famously for your efforts.

  • Butch

    there were also billions paid out to post apartheid beneficiaries – WHERE ARE THEY – it’s pay back time for them too

    • Candice

      Post apartheid payments? You still dont get the impact of apartheid on black ppl…

      • Literally Mario

        Did you have a Bankorp account during 1985? Were your taxes stolen during that time?

        • Candice

          Was i allowed to open a bank account to begin with? I know you are stupid but never thought you were to this level! Bye

          • Jacobus Pienaars

            Yes you were. Seems you are the stupid one, hey?

          • Chroom

            Everybody I knew, whether they were, pink, yellow, blue or green had a bank account. It were called a savings account even from the post office. Stop playing mind games.

          • bengine

            I am going to be nice and guess you are about 14 and that you post here out of some juvenile need to get some attention.

      • Paul Goodwill

        No solutions, just blame, blame, blame and a perpetual victim mentality. That’s the primary problem with Africa and Africans. That’s why Africa will never develop.

        It’s entertaining watching you destroy yourselves from the developed world.

        • Malome Dons @SwaziGold!

          Africa will never develop cuz Europeans captured it for their own benefit and kill anyone who tries to have a voice…

          • Paul Goodwill

            🤣😂🤣

          • Malome Dons @SwaziGold!

            Atleast you’ll go home knowing the truth today….. ABSA must just payback the money

          • Paul Goodwill

            Man, it’s quite incredible how you can fit that much stupid into one head.

          • Malome Dons @SwaziGold!

            Incredible isnt it? ABSA like Zuma in Nkandla benefited from corruption, can they be treated the same by the public?

          • Paul Goodwill

            Yes, they should be treated the same. The difference here is that Zuma and the Guptas won’t be treated the same. Zuma will blame Jan van Riebeeck, Cecil Rhodes and Apartheid for his theft and the daft ANC voters will buy up that crap letting any black politician walk away as free as a bird. THAT is the difference!

          • Malome Dons @SwaziGold!

            So Mr Goodwill, u acknowledge that ABSA benefited unfairly mara u dont want them to pay back the money?

          • wrongturn

            That’s not the point. Once the PP has dealt with the current state capture crisis, she’s more than welcome to go back and look into other corrupt details, during apartheid and after.

            I’m absolutely no defender of the banks and their corrupt manipulations, however the greater evil is sitting in the presidents chair, doing far more harm to this country.

          • Malome Dons @SwaziGold!

            We talking about ABSA and the Ciex report which was submitted to the office of the Public Protector…. understand ur concern on state looting which i think we share passionately but that doesn’t mean we should ignore other state looting happening in the private sector

          • Paul Goodwill

            If they did something illegal, then of course they must pay back the money. But you refuse to ackowledge that Africa’s biggest problem is not “white capital” or any of the other excuses, but their own “leaders” that are their greatest enemy!

          • Malome Dons @SwaziGold!

            The ABSA report isnt saying anything about African leaders, so please let us stay relevant… you say “If they did something illegal, then of course they must pay back the money” how will you sir know if they did something illegal if you are rubbishing the PP’s report? you have already taken sides before this matter can get to Court

          • Paul Goodwill

            Ok, I’m done with your stupidity. Sober up, you idiot!

          • Malome Dons @SwaziGold!

            LOL i knew u wouldnt reason with me on this ABSA corruption, i could tell that u ppl can see the dodgy dealings this banks have been doing but because Banks are white owned you never wanna question them. If our banks were state Organs operating in a similar fashion, even the rating agencies will be running naked about downgrades….. thank you

          • Paul Goodwill

            As I pointed out in a comment above, if they were illegal dealings, then they SHOULD pay the money back. But because of how daft you are, you cannot acknowledge or even admit that YOUR “elected” “leaders” are the biggest thieves that South Africa has ever seen. The real racist here is you as you cannot fault anything that your black heroes do.

          • Malome Dons @SwaziGold!

            U have me confused i aint defending our leaders, i am defending the Public Protector on this particular article involving ABSA. U People are ridiculing here for the report before u can even know if its true or not cuz of ur hatred… this article is about absa and their corruption, why dont u wanna talk about that trying to move attention.

          • Paul Goodwill

            Where did I ridicule the PP or try to deny their findings? Please show me the comment.

          • Malome Dons @SwaziGold!

            So u believe this report and u want ABSA to payback the money?

          • Paul Goodwill

            First answer my question!

          • Paul Goodwill

            *You, *I, *ain’t, *because, *your, *don’t *people.

            Man, your spelling and grammar speak volumes. Were you educated in Post-Apartheid South Africa?

          • Malome Dons @SwaziGold!

            I am not English….. i dont care about the level of my English as long as u got the message

            Ke mo Pedi thwii… wena ga wa bolela selo, nkabe o ro tshunya o tshabe

          • Paul Goodwill

            Can you not just simply answer a question?

          • Malome Dons @SwaziGold!

            How will you knw if there was Illegal dealings or not if you not willing to give the report some credibility?

          • Brian

            My two cents worth. I would say nobody on this forum gets any benefit from corruption at state level. We all want the money paid back if it has been stolen. The problem is credibility. Mkhwebane has none and is seen as a Zuma appointee. Now if Thuli was still in the pp office she definitely has credibility and this might be seen in a different light. The Ciex report is viewed with suspicion. ABSA has been a target of government and the EFF for a long time now and this is just seen as another attack on them. The voters have no love for the banks but also don’t want to see our economy undermined. The ANC has no credibility any more (since Zuma) and this is just seen as another political attack instigated by the zANC to shore up their voter base. Black Land First and Andile Mngxitama have less than no credibility and I don’t even like to bring them into the discussion.

            Gordhan has full credibility and he has dismissed the Ciex report as having no legal status. He has credibility because he has stood up against the zANC faction and did a fantastic job of guiding SA and was trusted by the rating agencies, international investors, bankers, etc. The zANC have done their very best to undermine his credibility but most of us don’t buy their garbage any longer. Furthermore, it was Bankorp who is accused of taking the money. ABSA just happened to buy Bankorp but ABSA is currently the favourite corporate to attack.

            So no, this is all about who is credible and Mkhwebane and the zANC are definitely not. Why would anyone want to defend a bank from corruption when they get no benefit from it at all? You think it is because it is “white owned”. Firstly, is that true? What is the racial breakdown of the shareholders of ABSA? Don’t forget that institutions like Old Mutual invest on behalf of all of their policy holders. I will not bother to look it up because I don’t think it is relevant and just takes us down the racism road again. Maria Ramos used to be the darling of the ANC when she was running the SOE’s. Now she is just another “white”? Bottom line is that if corruption takes place then there must be repercussions but trumped up reports and racial and political rhetoric just cause the whole issue to be viewed with suspicion and might just be another attack on our corporates who are instrumental in keeping our economy growing.

          • Malome Dons @SwaziGold!

            Mokwebani did not do the investigation, remember Ciex did, so just because white people dont find Mokwebani credible then the findings are rubbish? are u saying if a prostitute is raped then her case must be thrown out of court cuz she has been availing herself to anyone for a living?
            Thuli Madonsela gained “white credibility” cuz she never investigated private sector, all she did was dance to their tune…. there are 2 groups of thieves in this country Gupta & Co and Ruppet & CO.

            the only people viewing this report with suspicion are those who do not want the apartheid government corruption to be expose because they want everyone to believe that corruption is a black thing.

            All that money they are saying balck leaders are stilling is saved in banks somewhere in this country and outside… u say Zuma is corrupt and still accept his money in ur bank, who is fooling who! White people know the report is true they just dont want it confirmed

          • Jacobus Pienaars

            Relax now Atul….

          • Malome Dons @SwaziGold!

            i am used to that, try something new

          • Brian

            Why do you have to make everything about race? This is not about race. This is about credibility. How do you dream up any parallel between this and a raped prostitute and put words into my mouth?

            Now, back to reality. Did you not read in my post that “the Ciex report is viewed with suspicion” so, yes, I am aware that she bases her findings on this report? So, if Sanlam owned Bankorp (who took the loan) why are they not going after Sanlam? Are they not the ones who benefitted at the time if this was a corrupt loan? ABSA purchased Bankorp in 1992 after the fact but apparently agreed to repayments on the loan. Why does Mokwebani ignore the Davis report on the same matter? This report found that the decision to provide assistance to Bankorp was justified in the interest of protecting the stability of the domestic banking system. Now you call it corruption and stealing but this report does not. Why do you ignore this? They do also say its form and structure was flawed when considered as a whole for a number of reasons. One of which was that the loan is justified if it is to protect depositors but not to protect shareholders. Oh, and it was a loan because the report says repayments have been made. Anyway, I don’t want to go further than that because the point is that there is the Ciex report and the Davis report. One has been ignored. Why? Could it have something to do with political agendas?

            Let me also point out that Thuli started this investigation but did not complete it before her term in office was over. So how does that coexist with your assertion that she never investigated the private sector? She has received a number of global awards for integrity. Yes, I trust Thuli. Now believing that how does it translate into your statement of everyone believing corruption is a black thing? Mkhwebane has received nothing except Zuma (Gupta) trust.

            We agree on one thing. Gupta & Co (implies Zuma & Co) are corrupt to the core. Now please don’t make this a racial thing but I want to know how Rupert & Co are corrupt? Give me instances but please don’t make this a racial thing. I am not interested in your black/white issues. We are talking about corruption at government and corporate level here and how it affects the man in the street that 99% of us are.

            I have no idea what you are talking about in your last paragraph. I don’t own a bank. The whole of the EFF, DA, Inkatha, etc believe he is corrupt. Yes, Zuma is corrupt in my opinion, all the way back to the Shabir Sheik issue that went to court. How did Sheik go to jail for corruption and was so mixed up with Zuma? Don’t you listen to people like Gordhan and Jonas. Now there are two incorruptible people…. oh, and they are black.

            If you bother to reply please take out and racial references. I am so over that.

          • Malome Dons @SwaziGold!

            I respect your Opinion very much and find it very interesting and knowledge building to discuss this with you however it is very unfair to say i am doing this about race, i never started the race talk, if u look at my race talks i was only responding to a race comment… some people here before you seem to have no opinion on what must happen, instead of looking at the report with an objective eye they insult to discredit the public protector for doing her job and label anyone who reasons against that.

            What do u mean you have no idea about the last paragraph? we all know politicians (even the corrupt ones) have bank accounts, so why do banks continue to have accounts registered to corrupt politicians? because there are millions of rands in those account, isnt that a criminal act from the banks? “housing a criminal”

            State capture is not new, this country has always been captured, lets not only place blame on Zuma, even his predecessors were corrupt, CODESA was corruption. Private sector been exploiting this country capturing politicians for many years, not long ago this very Banks people are defending agreed to have taken part in fixing the rand but nothing happened to them, the rating agencies too but people still take their ratings as gospel, there seem to be too much double standards, DSTV just agreed to have been price fixing, but nothing is being said…. and then the Rooibos saga

          • Brian

            It is a very deep subject and we will never get to the bottom of it on this forum. My overall stance is that there is far too much racism in SA and we need to take it out of the discussion. I don’t think we should blame the banks for having accounts open for politicians, I think we should blame and hold the politicians accountable for corruption. We need to vote them out. The man in the street will always be unhappy about the deals at the level of high ranking government officials and corporates. Our recourse is to vote the politicians out and stop doing business with the corporates. Unfortunately there is so much effort to sway public opinion with disinformation designed to catch votes that it sometimes becomes difficult to know who to believe. That is when we revert to checking facts of one story against another and trying to find out who we can really believe. I read many reports and have very firm opinions on who I find credible. Believe me, this problem occurs all over the world but SA is becoming the worst offender with so many fictitious stories and so much slander. The USA is not a lot better but does not have the level of corruption found in SA at the moment. This is really about class. The poor and middle class are downtrodden by the political and corporate elite in so many instances. The elite in SA are trying to make this about race to serve their agenda, but it is more about class.

          • Bernard Hellberg

            Ruppet??

          • tongue in cheek

            maybe the real issue is the gupta’s want a bank, ABSA has just been or is for sale, just musing.

          • Malome Dons @SwaziGold!

            Thats actually a very interesting point…. could be true

          • Jacobus Pienaars

            Biggest SA shareholder in Absa is PIC…..(Which is…? )

          • Jobe aka VI

            Always commenting stupid things, if not racist

          • Jacobus Pienaars

            Not if the public is too stupid to hear Absa when it says the money was paid back. Or when they are too stupid to see that Absa today is black bank…..

          • Againsthegrain

            My word,doesnt it shut up spewing forth endless crap,with that mentality we really have no hope.

          • Silver King

            Opposing views. They tend to hate each other.

          • Jacobus Pienaars

            Yes you spew…

          • Aristophanes

            Rather go back to your soccer forums and leave the adults to discuss on this one.

          • Malome Dons @SwaziGold!

            But the adults are not discussing anything aimed at building society but their small money circles…. the Public Protector did her job, at least give those findings a benefit of the doubt until you have evidence to prove otherwise but NO! u just had to defend ABSA from word go without looking up the possibilities of some truth in those findings.

          • Aristophanes

            No, I don’t believe a word this so-called Public Protector has to say. I believed EVERY FREAKING WORD that Thuli Madonsela said, and if you’ve got a bit of sense you’d realise that there’s something really strange going on here. But then, I wouldn’t expect you to understand that, judging by your inappropriate postings here. I’m surprised you haven’t come out with the usual White Minority Capital bulldust, but I suppose it’s only a matter of time.

          • Malome Dons @SwaziGold!

            Lets keep it to ABSA unfairly benefiting from apartheid corruption, are you saying they must not pay back that money because?

          • Aristophanes

            I have no idea whether they should pay it back or not, what I object to – apart from your deliberate attempts to stir up some good old anti-white racism – is that this so-called Public Protector is obviously trying to create a smokescreen so she doesn’t have to step on her benefactors’ toes. So, have you anything to say to that, or must we just assume you’re just another Guptroll, paid to come on this forum – breaking away from your usual soccer commentary – to try and confuse the issue here?

          • Malome Dons @SwaziGold!

            So you sir are saying by investigating and releasing the above report concerning Bankorp she is trying to stir up anti-white racism? how so? where does white people fit in there cuz the report is about ABSA as a cooporation and Apartheid era refers to a period between 1948 & 1994 in which the corruption took place.

            please remember that CIEX did the initial investigation and submitted their findings to the PP for further investigation, what was she supposed to have done? Discard the Ciex report? on what grounds?

          • Aristophanes

            You really don’t listen, do you. What all of us are questioning is the timing. But then also, thanks to what Rob Charlton noted just now – which I’m sure you are avoiding like the plague because it’s actually the truth, not your and her weird version of it – there isn’t apparently a case to answer. To verify that you might also want to read this article:

            http://www huffingtonpost co za/2017/01/30/gordhan-slams-ciex-absa-apartheid-report-and-tells-mngxitama-whe_a_21702844/

            So, Guptroll what have you to say about that? Oh and thanks for bringing apartheid into it, because it proves my point about you and of course your obvious links to Bell Pottymouth.

          • Malome Dons @SwaziGold!

            So u are saying private sector should dictate on when and how the PP must work? the findings are there like Nkandla….. ABSA is corrupt and please dnt tell me about the opinions of Gordhan

          • Aristophanes

            Keep trying, sunshine. At least your stupid postings are getting shorter and shorter as you realise you’ve lost this argument hand over fist. It’s not ‘the private sector’ dictating anything, it’s US the people that are getting totally gatvol with your colleagues playing us all for fools. So, when you tell us why this woman hasn’t done anything about her predecessor’s State of Capture report – except trash it – then we’ll carry on this debate.

            And why shouldn’t we talk about Gordhan? Are you telling us he’s a liar? Of course you will, because that’s what your minders have told you to say.

            Guptroll.

          • Malome Dons @SwaziGold!

            I am not looking to win an argument, i dnt want to win and i share ur sentiments about our irresponsible corrupt government, i think u got the wrong idea of me, i dislike the ZUPTA crap like you do, i dislike the Zuma presidency like many south africans but i would reall like to stay relevant to the article about the Ciex investigations on ABSA and the apartheid government corruption… i dont knw why u insult me but i really enjoy discussing the above article

          • Aristophanes

            No, you’re a Guptroll – you have all the attributes.

          • Malome Dons @SwaziGold!

            Its okay, label me whatever u want, u’ve been doing that for centuries anyway…. but lets talk this ABSA report, what must happen to ABSA?

          • Aristophanes

            Guptroll, when are you going to read Davies’ report that Rob Charlton so kindly provided for you? When you have, then come back to him and I’ll be watching out for your excuses.

          • Malome Dons @SwaziGold!

            What must happen to ABSA regarding the loan? shouldnt they pay back cuz it was a loan?

          • Silver King

            That you’re an idiot?

          • Candice

            Truth hurts! White people discriminated against blacks because you feel you are superior , your grandfather is burning in hell for that. Bye

          • Aristophanes

            When it comes to idiots like you, we are.

          • Jacobus Pienaars

            See Candice run…! Probably MK…

          • Jacob Zupta

            Absa, Guptas, Zuma.

          • Zuptafamily

            What ever you are smoking it’s definitely screwed up your brain. Whites & the world don’t give a damn about africa. It’s the black sociopathic leaders that give a damn. A damn about keeping the people illiterate, unemployed,un informed, pregnant,poor, backward so they make them desperate & manipulate the masses.You get the picture?

          • Malome Dons @SwaziGold!

            Poor because u ppl stole their land! Illiterate in ur western teachings yes but literate in oiur own way, and Unemployed because of racism

          • Jacobus Pienaars

            Talking about the San here? Cause the migrating Nguni people stole their land in the biggest land grab ever in Southern Africa.

          • Fanandala

            Your are talking loud and clear, but you make no sense. Did Bell Pottinger tell you to write that, or the Zuptas themselves.
            Of course you are right, Africa will not develop, because just like in the past when Africans sold their brethren into slavery now African “big men” are selling Africa to the Chinese, Russians, and in our local scenario to a couple of particularly crooked Indians. Bow to your new colonial masters.
            BTW. lay off the Swazi Gold then probably you will learn how to use your noggins.

          • Malome Dons @SwaziGold!

            So u saying AFRICA should remain with the old colonial masters? how dare you pull a helen zile here and glorify slavery like the blackman enjoyed it? you are probably celebrating apartheid too

          • Silver King

            Well “blakman” did capture and sold their people. They still do so…..

          • Malome Dons @SwaziGold!

            So isn both the thieve and the one buying stolen goods both criminals?

          • Fanandala

            Who mentioned that Africa should bow to its old colonial masters? And I am not celebrating apartheid. But why should both your and my future be sold to a bunch of 4 crooked brothers, who appoint ministers and hand out high positions in SOEs.
            Tell me you are happy being a lackey to some slimeballs who appoint our ministers in a shebeen in Saxonwold?
            Only the most stupid calves choose their own butcher.

          • Malome Dons @SwaziGold!

            i am certainly not happy with Guptas and Zuma in particular, however is not the only crime happening in this country. Some people have captured this country long before Zupta and the Bankorp saga is proof of that but all, Guptas just brought competition in the underworld and u know it. Companies like Anglo, Bidvest, Multichoice, Optimum Coal Mines, Mvela, Barclays, First Rand Bank, Medi Clini, Budget etc have doing to this country what the Guptas are doing for many years and you know it but u wont touch that anyway, u still havent responded as to what must happen now with regard to the Public Protector’s recommendation on the ABSA/BANKORP/RESERVE BANK deal, What must be done now? instead of discussing that u throw in Guptas, this particular article is about ABSA and their Gupta behavior

          • Jacobus Pienaars

            She must go and look at the records that Stals refer to when he says – read this slowly – the money was paid back.

          • Malome Dons @SwaziGold!

            when? ur people here are saying this never happened and u on the other side is saying the money was paid, and if the money was paid then this corruption happened….. this is interesting

          • Fanandala

            “ABSA/BANKORP/RESERVE BANK deal”
            Just wait to what the courts have to say about it. If they are guilty I trust the courts will establish that. But most likely it will turn out a Zuma protector stunt to distract from the looting that is taking place right now. And Mamparas like you are falling for it.

          • Silver King

            LOL. Sure.

          • Jacobus Pienaars

            You say Africa will never develope…. He,he…. Farked yourself there….

        • Candice

          Blah Blah preach mfundisi

          • Paul Goodwill

            Suga wena! Stuta!

        • Malome Dons @SwaziGold!

          who said we want to be in ur developed worlds?

          • Paul Goodwill

            Says all the boats constantly coming over from Africa…

      • v_3

        Are you the new Anthony or Manu?

        • Candice

          I am a black inteligent woman, while you are waste of Gods time

          • Paul Goodwill

            Msunu wakho!

          • Candice

            *smiles*

          • Aristophanes

            You think so? I’d seriously question that, sunshine, when you’re so dumb you can’t even spell ‘intelligent’? (Hint, you mampara, it’s two ‘l’s). What a döos, and a mighty big one too, and in more ways than one I’d say, malebe!

          • Jacobus Pienaars

            Inteligent???? He,he…

      • Fanandala

        You are wallowing in victimhood. “But more than anything else I am sorry for myself ….”

        • Malome Dons @SwaziGold!

          Yes we are victims of crime against humanity “Apartheid” or have u forgotten?

          • Silver King

            And now victims of your own making.

          • Jacobus Pienaars

            And the San are the victims of the biggest land grab ever in Africa.

          • Chroom

            Hulle vlug toe na Suid Wes en daar word hulle uitgesmyt deur die Duitsers. Maw hulle het geen bestaansreg in Suid afrika.

          • Malome Dons @SwaziGold!

            The San and the Khoi are Black people and most importantly are Africans… In SA u find Venda, Tsonga, Sotho (north & south), Xhosa, Zulu, Khoi, San, Tswana, Ndebele and Swati as natives…. the devide and conquer trick wont work this time

          • bengine

            you are never going to stop being victims to your own inadequacy. Most people in societies around the world that went through significantly more than you have – have moved on and managed to make something of their lives by not continually falling back on the “victim” excuse. You are not going to get anywhere by using that crutch.

            Newsflash – not everything bad that happens in your life is because of apartheid – at some point you have to take responsibility for your own life and the choices you make.

        • Candice

          Apartheid is a reality, bye dom kop

      • Demisemi

        Ha ha !

        You gave yourself away here……

        ANC troll alert !!

      • Jacobus Pienaars

        Yeah, I saw the effect the other day when some cadres drove past me in Mercs costing over a million rand.

      • bengine

        and you can’t let it go which means you will be a slave to your own insecurities for the rest of your life.

      • Zuptafamily

        Why hide those little hairs with chinese nylon? And those fake chinese nails? Is black the new fake victim racist?

    • Danie

      Agree. It does not matter how you manipulate the statistics (whether is percentage wise of or actual number of) , it it the greatest amount of poor people South Africa ever had. Compared to earlier available figures you can actually say the figure has experienced exponential growth (sad).

  • SpiritOfNehanda

    No wonder the media was now shifting focus on her when they said she has only worked on 9 reports so far. The economic allies will now point bad publicity towards her for the next couple of days. Gigaba will take a break for now…

    • Greg

      They just shifting the focus off of the bigger problem

    • Malome Dons @SwaziGold!

      Media is dangerous!

      • Fanandala

        Yeah sure, ANN 7, the New AGE, IOL, all caught and captured by the Zuptas.

        • Malome Dons @SwaziGold!

          and the rest is caught and captured by white monopoly capital…. we see u

          • Aristophanes

            AT LAST!!!!

            Congratulations, Guptroll, you finally got around to WMC. Knew you’d have to resort to it sooner or later.

            Jeez but your pay packet’s going to be really full this week.

            WELL DONE!!!!!

          • Malome Dons @SwaziGold!

            hehehehehe we cant keep denying what is there for all to see. Biggest thieves aint the politicians but the banks

          • Silver King

            They are captured by propaganda? No sir. You are fooled by propaganda.

          • Malome Dons @SwaziGold!

            What propaganda? the price of Quantum or Polo? to u is nothing because even ur bank interest are low cuz of ur colour, ur insurance is close to nothing…. this is real, a Thieve in ABSA is caught

          • Silver King

            O. Victim complex and inferiority complex or rolled into one package.

          • Manfred

            So I take it you dont want foreign investment if it’s white? Should BMW, VW and Mercedes-Benz shut down and leave SA for example?

          • Malome Dons @SwaziGold!

            we never asked them to come and they are not here to benefit the people of south africa. how is selling a toyota quantum to a black taxi operator at R15k per month x 72 months benefiting the public? thats R1.08M for a minibus taxi, justify that! VW is selling a POLO tsi 1.0L at R282 000 retail price, after interest that is about half a Million for a POLO, how is that benefiting the public when and average black south african earn R3k a month? al those companies u listed are here for profit so why must a guy in a shack in Alex worry about the profits of someone in Germany?……. they are colluding and price fixing anyway

          • Malome Dons @SwaziGold!

            who said i dont want foreign investment? where did i say that? read to understand

  • keithbe

    The ANC should then pay back all the money that has been looted by them. Fair’s fair.

    • Malome Dons @SwaziGold!

      Fair enough…. everyone should just return what they stole. Julius Malema would love to have a conversation with you!

      • Silver King

        Julius will pay his tax?

        • fourijm

          I think he was referring to the laaand which apparently v Riebeeck stole from a non existent owner at the time.

          • Silver King

            Yeah. I noticed he is a pro-victim.

          • Malome Dons @SwaziGold!

            None existent how? none existent white owner yes..

          • Jacobus Pienaars

            And also then the land that the migrating Nguni people stole from the San, I guess?

        • Malome Dons @SwaziGold!

          He did remember

    • Demisemi

      Yup

      The true unofficial looted and corruption figure is around ONE BILLION now.

      • Ouboet

        *Trillion.

  • Stefan Buys

    Without trying to sound cynical about it, the South African Government will take the recovered R1.125B and redistribute to the Guptas.

    • Danie

      Definitely not to the poor. Not at all. Never.

    • Greg

      Yes and the guptas have probably being pushing the PP in the background to ensure she make this ruling.

    • Frolow Baggins

      Very true indeed

    • Malome Dons @SwaziGold!

      But it must be recovered cuz it is stolen…. !

      • Silver King

        What’s the point? ABSA pays back the money and it only goes to Zupta.

        • Malome Dons @SwaziGold!

          Can you prove that? why must it stay at ABSA cuz the people who own ABSA and Gupta are apples from the same tree

          • Silver King

            O I don’t know…..those leaked emails?

      • Stefan Buys

        Yes, only to be “stolen” again by the Guptas 😉

        • Malome Dons @SwaziGold!

          there is a posibility of that, however there is also a possibility that the state can put it to better use so it must be returned…. according to ur Logic Zuma must not payback the Nkandla money he stole cuz it will be stolen back by Guptas? whoever is found to have stolen state money must return it and as to what happens to it, we will deal with that in due time, now we want the money back

          • Jacobus Pienaars

            Absa says the money was paid back. Google it.

          • Malome Dons @SwaziGold!

            hahahaha so u believe ABSA? hahahahah u people are hilarious. who did they pay the money to? absa is a bank they must have proof of payment somewhere and i would welcome that

      • Jacobus Pienaars

        Like all the tenders and stuff?

  • DoomsdayDave

    How will this payback affect the ABSA investors?

  • SpunkyP

    The chickens have come home to roost and a R1.125 billion egg is in the offing. The fact that this could be a punishment they get for stirring the Gupta hornets nest doesn’t mean they shouldn’t pay. They shouldn’t have thrown stones to begin with, knowing fully that that they were living in Glass houses. There is a lesson to be learned here.

    • SloopJB

      This corrupt, captured Zuma b!tch’s report needs auditing. The banking experts went thru the numbers and found it was all ok. No-one benefitted personally from these money transfers, they were to help SA banks crippled by the economic sabotage (boycotts) of the ANC.

      • Malome Dons @SwaziGold!

        the banking experts reports need auditing. how do u appoint someone to investigate himself?

  • daniel

    Am I wrong to assume that this new PP is a captured and biased person. She is more concerned what Absa has done wrong than to pay attention to all the acts of corruption in government and the Guptas

    • Aristophanes

      No, daniel, you are totally and utterly correct. In, what is it, six months, she’s brought the PP office down from the dizzy heights that Thuli took it to, into the gutter with the rest of her Zupta mates. She’s a JASN – Just Another Trough Snouter. God forgive for doing their dirty work.

      Not that I have any sympathy for ABSA, but this stinks to high heaven.

    • Malome Dons @SwaziGold!

      are u saying she must ignore the Ciex findings presented to her? why? two wrongs dont make a right. if ABSA benefited from that corruption they must pay

    • Trudy Neumann

      Worried me more that she want to change the constitution as far as the reserve bank goes.

    • Marvin Mooney

      ABSA did nothing wrong. They bought a company, and with it, the contracts that the company had already concluded. The CIex “findings” are a joke.

  • Justin Tweedie

    This will be tied up with lawyers for the next few decades and they will be the only ones with smiles in the end.

  • TellUs

    Didn’t the PIC just buy a larger share in ABSA from Barclays? What’s the bet this report changes in the near future.

  • Red_Baron1234

    What a clown

  • Malome Dons @SwaziGold!

    LOL i like this comment section! some people celebrating the PP for doing her job, some people insulting her in defense of monopoly capital…. all i know is that, if this report was about Zuma or Government and the finding was not in their favor, those celebrating now would be defending and those defending would be celebrating. u gotta love the double standards in this country!

    • Silver King

      lol

  • MP3

    I’m conflicted. I want ABSA to pay back the money because they’re a cr ap bank. But also… I want them to tell the JZ puppet PP to get stuffed…

    • Malome Dons @SwaziGold!

      But they must payback the money!

      • Fanandala

        Only if the court says so.

        • Malome Dons @SwaziGold!

          exactly! now u talking, so lets all wait to hear on what the court says instead of bashing the PP for doing her job

          • Marvin Mooney

            Ah but as we have seen recently with Zille, it is no longer truth, logic, reason and rational thinking that decide matters in South Africa today. As long as the mob can be whipped up into a sufficiently frothy rage, ABSA will be compelled to settle its apartheid debt without going anywhere the courts.

          • Malome Dons @SwaziGold!

            Zille is racist, she glorify apartheid and colonialism

  • Malome Dons @SwaziGold!

    According to some people, the public protector can investigate anyone but not the banks and their money…..

  • b0erseun

    Trying very very very hard to get attention away from the Gupta reports that has been lying on the shelf for months…..

  • Led

    This is the most ridiculous ruling I’ve heard in a while. But it’s yet to pass through the courts, so don’t really think it’ll happen.
    Otherwise, I too can claim from anyone who came to SA around 500 years ago stole my land and must pay back money for compensation of my ancestors.

    • Mark Label 2

      Get in line mate..

  • FooFunk

    What about the string of bailouts going on now…we going to see those recuperated in the years to come?

  • Did you know that if everyone stopped paying taxes, in the form of a tax resistance, then there’d be way more pressure for accountability.
    As long as the sheeple pay, the Zuptas will continue to take.

  • Shl

    That’s all the ANC and it’s associates care to do – blame everything on apartheid. They will bleed this country to death through every corrupt avenue available and say it is due to us because we were deprived by apartheid.

  • QS

    I can expect a few lawyers to be making a nice bit of money from this – doubt absa will just hand the cash over

    I feel nothing for the banks – they continuously rip off customers, bad service, high ‘service’ fees – and when there is sms fraud, security deposit boxes that are broken into INSIDE the bank then they claim they are not liable for losses (yes that was FNB but still, talking about banks in general)

    PAY BACK THE MONEY !! – just don’t give it to the gupta’s

  • If it happened in the apartheid era it will probably stay there.

    Nothing anyone can do about it. Same as with the ANC clowns. Move on.

  • Marvin Mooney

    The Reserve Bank lent funds to Bankorp (later purchased by ABSA) at 1%, and Bankorp invested these funds at 16%, therefore the R1.125 billion interest “gain” for Bankorp. The “gain” did not benefit the Bankorp shareholders, it prevented depositors in the bank from losing all their money, and prevented a collapse in confidence in South African banks that would have been catastrophic. The taxpayer therefore bailed out the depositors in Bankorp. The bailout was agreed to by the Minister of Finance and the Reserve Bank. These bailouts at the expense of the taxpayer are common worldwide.
    How the Public Protector failed to understand the above is astonishing. There is no hope of getting ABSA to refund anything – not legally anyway.

    • MH

      PP is playing the ANC game! Or maybe the PP has been captured by the EFF!!! Sounds more like an EFF member than ANC to me if I think about it!

      • Marvin Mooney

        That she is captured seems beyond doubt. The key objective now is to DISTRACT ATTENTION from the ANC’s litany of colossal failures. And bingo when you can divert attention to apartheid beneficiaries…

        • Malome Dons @SwaziGold!

          Even Thuli Madonsela was captured by the Grand Masters of a lodge somewhere, we know

      • Malome Dons @SwaziGold!

        vele anyone questioning white corruption will be labelled at least and if he continue death will be upon him

    • Malome Dons @SwaziGold!

      are u saying it is common and normal for state to give money to private sector without them having to pay it back? thats pure hogwash

      • Marvin Mooney

        Not the state. The Reserve Bank, acting lawfully in terms of its mandate. Note that the shareholders in Bankorp did not receive any benefit. The assistance provided allowed the bank to remain in operation, write off bad loans, and prevented depositors (the public) from losing their deposits, which would have been the case if the bank failed. The cost to the taxpayer and damage to the economy would have been much much greater than R1.125 billion, if a banking collapse had not been prevented.

        Of course the real question is which loans were bad, and which depositors were being protected, at Bankorp? Were they linked to important Afrikaans/National Party business interests – now that is the information that I would like to have.

        Yes, this type of central bank intervention is common around the world.

        • Malome Dons @SwaziGold!

          Isnt the reserve bank A STATE BANK? i am not saying the bailout shouldnt have happened, we are only saying now ABSA is stable and can afford to pay back that loan. it was state money, it must be returned. they are busy blacklisting people defaulting on payments

          • Marvin Mooney

            Technically the RB is independent of the state. It did not gift money to Bankorp. It made a soft loan (at 1% interest) to the bank, which has been repaid, with interest. This loan was invested by Bankorp in government bonds, which earned it 16% interest income. This income was used to write down bad loans in Bankorp’s books. The shareholders in Bankorp had to contribute (ie lost) their share capital of about R800 million to cover part of the debt write off.

            I am not arguing that the support given to Bankorp was appropriate, merely pointing out that legally, it would seem impossible for ABSA to be held liable for any amount.

  • Fanandala

    I suppose ABSA will take the ruling to the courts and the outcome will quite likely be the the PP is wrong, and proof further proof that she is Zupta captured. If the protector already knows how much is owing why must the SIU still be involved? One would think the SIU would investigate before the PP makes a ruling not after the fact. Or what is it that I do not understand.

  • MH

    What is wrong with this useless ANC puppet? They should investigate the ANC rather.

  • Seri Ously

    What a clever way to divert attention from Zupie and his mates and all their shenanigans! We weren’t all born yesterday Busisiwe!!

    • Marvin Mooney

      Exactly – there can be no other purpose to this development.

  • Jim Sleazy

    Does this mean that the protector is looking into the past to right the wrongs the have been committed early 90’s onwards? We are still waiting on the arms deal investigation as well please look into it too.

  • Rob Charlton

    There is no case to answer here and she has been wasting her time because “the Davis Panel of experts appointed by former South African Reserve Bank governor Tito Mboweni in 2000 found that Absa’s shareholders did not derive any undue benefit from the Sarb’s intervention, and as such no claim of restitution could be pursued against Absa”.

    • Marvin Mooney

      What she is suggesting is that the South African government claim back a benefit which it granted in 1992 (and did so quite legally). I can just see the judges of the Appeal Court laughing themselves silly at this one. If the government acted unlawfully, proceed against the minister of finance and reserve bank governor at the time. My advice, don’t waste the taxpayers money.

      • Dzvakutsvaku

        Wait. We need to start on the same page. The apartheid governement was illegal and so none of the decisions that they took can be classified as legal especially after 1990 when they knew their days were numbered

        • Marvin Mooney

          Unfortunately the 1994 settlement process included a provision that recognised all acts of previous governments. In South African law, government actions in accordance with laws in effect at the time, are valid and enforceable, all the way back to Jan van Riebeeck.

          • Dzvakutsvaku

            You know that you are just chatting nonsense right, because the Truth and Reconciliation Commission would have never happened if this was the case

          • Marvin Mooney

            The TRC covered individuals, not governments. Only individuals can be held to account for their actions during the apartheid years, all acts of parliament and decisions arising from them would require amendment by the current government, otherwise they stand. So the only option is to proceed against Mr Stals and Mr Barend Du Plessis to the extent they acted beyond their powers (they apparently did not). The actual agreement they concluded cannot be negated.

    • Aristophanes

      Thanks for that, RC. It probably won’t make one jot of difference to this oke, because like all Guptrolls, he’s got instructions I’m sure to try to get a Sparrow-quote out of the ‘real’ posters here. Once he’s done his daily quota he’ll give up.

  • Mr. H

    mere distraction…….

  • Karl Benz

    ek moet hier uit!

    • Paul Goodwill

      You won’t be sorry. Escape the circus.

  • Candice

    Dear dom koppe inhumane, self centred, useless, narcissistic white men
    Did absa benefit unduly or not? Is it a lie that they received loans at a reduced rate?

    • Marvin Mooney

      Yes they did. This is common knowledge. And they received it in terms of a contract agreed to by government, the reserve bank, and the bank. All the terms of the contract we met by all parties. Government / Reserve Bank acted in terms of enabling legislation. So what must the white man do now?

      • Candice

        Fack off to the nearest hell

        • Marvin Mooney

          South Africa?

          • Candice

            Which country takes you seriously as a whits south african??

    • Paul Goodwill

      You should move to Haiti or Liberia. You won’t have any “white men” to deal with there. You will be in your “black paradise”. Just be sure not to ask for any donations or aid.

      • Candice

        And you still believe in your annoited intelligence after your stupid thoughts?

        • Paul Goodwill

          “annoited”? That’s a new white imperialist word?

          • Marvin Mooney

            Pre-colonial?

  • It’s-a-fact

    Our very own Cadre-Protector!

  • Jobe aka VI

    Ok guys, keep talking, i will be busy keeping track of where the money will be distributed. If a government employee does read our comments, they better read this one. Here are some of the ways of spending it; Fund the Public protector’s office so that they can recover more money; Create jobs – How? By building more schools/hospitals/police stations/ government owned firms or just build this new state owned bank we keep hearing about so that this monopoly capital may be clearly identified. Some of it to build more corruption watch offices, so that they may be found all over SA

  • Jobe aka VI

    Am just reading this thing about the Guptas and have realised that the people who are mostly affected are the white businesses and they spend all their millions if not billions, through media and what have you, to make sure that they are the only ones getting the bigger pie, i wonder when will they stop with this thinking that they have that are superior than others, that are the best in everything, others, no matter how good they are, they are second best!

    • Aristophanes

      Guptroll Alert?! Three whole posts? Seems to fit the profile I’d say.

      • Jobe aka VI

        Am just being realistic here!

        • Paul Goodwill

          Typical African mentality… perpetual “victim”…

          • Jobe aka VI

            Funny you should say that, maybe you should ask yourself why, @Paul

          • Paul Goodwill

            Because it’s easier to blame than to get off their arses and build a country. Japan and Singapore are shining examples of ex-colonial countries that have citizens that want to build rather than sit, blame and beg!

          • Jobe aka VI

            Now that’s a different story altogether Paul. If you take Japan and Singapore and compare it to us, you are way off. The first thing you have to understand is the type of colonialism that we faced and the type of apartheid that we had to endure, it made us lose belief in ourselves coz that is what we were made, forced and taught to be. Moreover, when we took over, our government did not do us justice as well, instilling in our minds that we will get some of the things free but, to be honest, it was too late for most of the people, they had lost hope but here we are, the new generation, Do you see us beg, blame, sit? No, we are trying, but what’s holding us back is the apartheid laws that you guys don’t want changed. You want it to remain the same, and for how must that go on, for how long should the Reserve Bank benefit the few, actually you guys? What can you do if the minority of the people own the whole country, the land, capital. The only choice you have is what? Answer that one for me please. Its not like we sitting and begging and doing nothing. We are so qualified but there are no jobs, why, because the government cannot create any, why, because almost everything is privately owned, by who, by the minority, and they don’t want to assist the government because it is run by who, a President that they despise or a party that they are against so we can talk till morning about it

          • Candice

            What do u think of apartheid legacy?

          • Apartheid Legacy had a good run, it was a terrible time. Apartheid 2.0 is still a work in progress, and the demographics are swopped this time, it’s same same but different

    • Jobe aka VI

      The point I was trying to make is that we are all human, lets learn to treat one another as such, and we are all capable.I hope no one was offended by this because i know a lot of very good white folks who doesn’t bring their color in things, who are so helpful and who treat others equally.

      • Candice

        You should have learnt to treat others equally years ago and not today

    • Malome Dons @SwaziGold!

      they have captured the media long ago, the captured state long ago, the Guptas just disturbed them and now they are using their controlled media to make Zuma seem like the worst thing to black progress since Christianity

  • Nelson the king

    At least Madam Mkhwebane is showing that she’s not captured . At last .

  • Skoppienaai Sewinduit

    Good luck with that. I see years of court cases. Private entities are not obliged to bow down to the PP, it’s a government oversight body.

  • fourijm

    I see some “victims” on this forum. What happend after 2nd Anglo Boer war, was that people returned to their burnt down farms/houses and built it up from scratch. They did not complain and blame the British for everything that went wrong, neither did they burn down schools, buses, trains, business etc. There is no point in always pointing to how bad things were. Hindsight is an exact science. It makes me sick to listen to people always complaining.always crying over spilt milk.

    • Paul Goodwill

      Unfortunately your reasoning is for the type of people with a brain… doesn’t work for the majority in Africa…

    • Swona

      “”returned to their burnt down farms””
      You mean they returned to someone else’s

    • Candice

      Apartheid was right? Fack off to iceland

  • Disme

    oh please… apartheid era gifts ?? really?
    this has nothing to do with her mandate as public protector… what’s happening about Zupta and his cronies??

  • Taking revenge on the banks for closing her boss’ accounts, one bank at a time.

    Yah ne

    • Candice

      Dont be so stupid so early in the morning

      • Oh, you again. Bell Pottinger still paying you or do you have a more local deal going?

  • Tin foil hats on:
    So what if…. they are priming ABSA for purchase by the Guptas in the same way they “primed” optimum coal mines.

    Kick it to pieces and the buy the remains on the cheap and suddenly get business deals to recover

  • Bob Koekemoer

    The money can be paid to:
    Mrs Zuma,
    Absa Nkandla Branch,
    Account number seven hundred and million and thousand.

  • Swona

    What’s going on here
    I though Absa and government were cool like that.
    One of their own banging the ceo and all.

    • Candice

      Dom kop who do u think gov appointed maria for absa?

      • Swona

        You’ll have to rephrase.
        The dom kop i understand but the rest of the sentence wasn’t clear.

        • Candice

          Do u think maria was appointed by gov for absa?

          • Swona

            No but i thought they were in a good place

  • bookworm

    If she could establish that the former Bankorp who then became part of ABSA had been bailed out by the SA Reserve Bank, then the Public Protector should also have been able to establish whether this money was apparently paid back, and if ABSA did indeed pay it back then the records should be produce-able for the Courts to inspect and verify. . According to a quote from Dr Chris Stals which was reported yesterday, the money was paid back. HOW MANY times does it have be paid back? .

    • Jacobus Pienaars

      Till maaaany cadres are empowred?

    • Candice

      Bitter because apartheid is abolished? Bye

      • Jacobus Pienaars

        Get someone to read to you cause you sure as hell cannot read….

        • Candice

          Apartheid is over and black people are in charge, deal with it

          • thieves

            Being in charge of their own downfall…and leading clueless people like you down with them. Awesome. I am so glad I don’t know you in real life, I would puke myself to death. You nauseate me so much, worse than dog poo under my shoe

          • Candice

            Poop head shut up

          • thieves

            I see your lips moving but all I’m hearing is blah blah blah…. baaaaarrrrff

  • Jacobus Pienaars

    An interesting question. The “public protector” makes this suggestion in terms of the 1994/96 constitution on a matter that was handled (in whatever way) under the previous constitution. If that stands, can one not argue that other matters decided by the previous state under the previous constitution can now also be reinstated?
    This is possibly just another populist matter grabbed and pushed forward by the Zupta faction. Like the failed minister of police suggesting SA’s name should be changed and The Zupta’s own “radical economic transformation”. These things are either without explained content of not really doable in any short term (the “public protector” cannot tell parliament to do something and only parliament can make the constitutional change she refers to – with a 66% vote and the ANC only has 60% at the moment). Or can only be done in time. Thus – whip up the Zupta faction now and get support for JZ’s sleepy eyed ex and when she is president she can just ditch these suggestions. Two terms of looting will await them.
    What this “public protector” here in fact says is: “The white monopoly capital stole billions from you, the people. We will force them to give it back. Then you will all be much richer. Support JZ and the Guptas en his ex.”
    Some flaws though. One being that Absa today is for all practical purposes a black

    bank…
    And guess where the “recovered money” will go?

    • Candice

      Preach mfundisi, preach!
      Amen!!

    • Malome Dons @SwaziGold!

      The Courts used Apartheid era laws to ban Julius from speaking about land and u ddnt question that…….. double standards

  • Jacobus Pienaars

    And then of course….. what about the huge beast snorting and stamping in the “public protectors” room???? The state capture….. Not a mention….?
    If Joseph Goebels was dumb, this would have been one of his moves?

  • Runnin Bare

    Captured mampara of the week.
    Zupta investigation will be delayed indefinately.

  • Chroom

    What about the 6 Billion that zuma took to Saudi Arabia. Helping him to do that was the cupta’s. No ways ABSA tell her to go to hell. What about the Billions that just disappeared since the anc took over. The zuma’s nkandla, what about that, our money for that rubbish?

    • Candice

      You dom kop just claimed that “everyone” you knew had a bank account , you just proved how ignorant you are. I am going to say this once:
      no black person was legally alowed to participate in the economy of sa pre 1994, so where would they get money to bank? You are dom and its a well known fact but please dont be so obvious about it. Go ahead and argue this

      • Chroom

        Strange, I’ve worked with about 18000 Black people at the JHB city Council form 1973 till 992 . The larger majority of them had bank accounts in which there salaries were paid into. say 85% of them. I worked in the salary office and got first hand experience. We also went out to working area’s and paid those who prefer to got cash on a weekly basis. Post Office accounts were popular and then the Volkskas Bank were popular as well. They now is part and parcel of ABSA. Secondly do you really believe the BS the anc tell ou?

        • Candice

          Stop lying to yourself, they used to draw hardcash with finger prints and didnt have bank accounts. Thats a fact and the reality of how apartheid was! You never asked them how they got paid because they didnt matter to you, dont come here and want to act as if you know all about us! Go and live in your ill gotten mansion

          • Chroom

            it appears to me that YOU are a racist and only believe yourself. Therefor I am not willing to participate in this discussion anymore.

  • Candice

    Lets talk about naspers, barloworld, sanlam corruption? Whilst at it i want you to know that the world is shamed by your actions. You keep on lying to yourself abt immigrating no one wants such inhumane and cruel people like your stupid white bums in their country! Stay put while gerrie nel is fixing a secure place for you in orania! Bye no one has time for your hatred!

  • Candice

    None of the white south africans were this openly emotional about the state of south africa pre 1990 , today why are you huffing and puffing useless thoughts? New SA has no place for you

    • You were probably also either a child or born after 1990 like the rest of us

      • Candice

        So why are you pronouncing your feels about the absa matter if you were a baby when it occured dom kop?

        • Because the Guptas have been shopping for a Bank, which is a current event and weakening a bank’s financial status strategically, like they did with optimum coal mine opens the door for a possible takeover. It’s a theory but not impossible.

          Lol… “pronouncing your feels “… really?

  • it has never stopped sponsoring apartheid as of now it is sponsoring the third force terrorism.its only zimbabweans and khoisans in this bank and they openly provoke blacks by employing dirty tricks and tactics to ridicule and lower them and would giggle!

    • thieves

      The only “third” force is zuma’s finger up your smelly butt!

  • Fred Johnson

    Dear Puppet Protector, who is pulling your strings?? Don’t you think the billions stolen by ANC cadres is more important?

  • Blapartheid Zulu

    Will the anc pay back all the billions stolen that was uncovered by the da after they took over administration in gauteng? This Penis Protector surely protecting is Zumpie.

  • Brocky Belbowa Brouwn

    So ABSA was being held at ransom to this outstanding debt & as soon as Thobeka Zupta was flagged for suspicious transactions, the Public Puppet pulls out all the stops to remind them who they are faarkeeng with….. Mmmmhhh

  • Luna Moon

    prescription comes to mind

  • noo,i`m serious!these four banks and corporate institutions are horror places.this security guard company of them is a private army!banks are filling-up with afrikaners,khoisans and foreigners and puppet blacks!their guards grab black youths from tev streets into the bank where they are going to be bitten-up by everybody after hours then their remains passed to dogs or wild animals.i shake every time i must go to banks because those blacks who are not puppets are the targets!look,how a bank connived with the cops to trap mbulin and frame him.

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