"The Public Protector has not ordered Absa to pay back the money"

A day after the briefing, Advocate Paul Hoffman from Accountability Now, lodged the original complaint, continues to analyse the Public Protector's report calling for Absa to pay back an apartheid-era bailout.

Absa says it will be taking it on review.

He says Absa would have a difficult time suggesting Public Protector had no business considering the claim at all.

Government paid Ciex 600 000 pounds, or R10 556 972, for the report.

The Public Protector, despite what some of the media are reporting, has not ordered Absa to pay back the money.

Advocate Paul Hoffman, Accountability Now

Hoffman says Absa should be cautious on the route it takes.

She has accepted that there is a partial liability of R1.1 million and has said the SIU must investigate recover the money once it receives a mandate from the President to do so.

Read: Advocate Paul Hoffman explains the history of CIEX report and its relevance

Take a listen:


This article first appeared on 702 : "The Public Protector has not ordered Absa to pay back the money"


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Can body corporates increase levies willy nilly?

Can body corporates increase levies willy nilly?

What do you do if your body corporate just informs you that levies will be going up without any form of prior discussions?

Mitchells Plain Hospital to sterilise 67 women for #Mandela100

Mitchells Plain Hospital to sterilise 67 women for #Mandela100

Some of these women have been waiting for years to have access to this procedure which will be made a reality on Saturday.

Zwelihle residents not happy with Bheki Cele, wanted him to leave

Zwelihle residents not happy with Bheki Cele, wanted him to leave

Police minister visited Zwelihle in Hermanus amidst violent protests but he was chased out because he didn't want to hear them out.

Gerrie Nel confident Thandi Modise will be prosecuted for animal cruelty

Gerrie Nel confident Thandi Modise will be prosecuted for animal cruelty

Prosecutor Gerrie Nel says that people can’t be sheltered from prosecution based on who they are or their political party.

Helen Zille calls on Minister Cele to involve SANDF in Hermanus protests

Helen Zille calls on Minister Cele to involve SANDF in Hermanus protests

Premier of WC Helen Zille shares memorable moments of Madiba, and chats about radicalised youth who are behaving brutally.

[LISTEN] Hermanus protests erupt again

[LISTEN] Hermanus protests erupt again

Editor at Hermanus Times Daleen Fouché gives updates on the Hermanus protest.

Popular articles
[LISTEN] Zille responds to Lindiwe Mazibuko comments that she undermined her

[LISTEN] Zille responds to Lindiwe Mazibuko comments that she undermined her

Helen Zille responds to alleged comments made by Lindiwe Mazibuko at a dinner, saying she's doing the same to Musi Maimane.

[WATCH] Melania Trump's reaction after shaking Putin's hand

[WATCH] Melania Trump's reaction after shaking Putin's hand

Waitress praised for standing up for herself after a man touched her butt on his way to the toilet and a dog comforts its owner.

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.

More arrests are imminent in connection with the cash-in-transit heists - Hawks

More arrests are imminent in connection with the cash-in-transit heists - Hawks

Seven suspects were arrested in Limpopo in less than 24 hours after a cash-in-transit vehicle was blown up in the province.