KZN ANCYL tells ABSA to 'pay back the money'
Updated | By Puseletso Petersen
The KZN ANC Youth League says ABSA must repay the money it believes was looted from South Africans during apartheid.
The youth league says it is embarking on a series of protests in the province today against the bank.
ALSO READ: ANCYL to march on Absa in February
Some members have already gathered outside a branch in the Durban CBD.
Provincial secretary, Thandoxolu Sabela, says their protest is part of a national call for action against ABSA.
"Part of our demand is the call for ABSA to pay what has been determined by the Public Protector as irregular transfer from the SA Reserve Bank to ABSA," he said.
ALSO READ: Public Protector lays charges over leaked Absa report
Remedial action in a leaked provisional report by the Public Protector includes ABSA paying back R2.5-million to the fiscus.
ABSA said in a statement that the earlier this month that it was regrettable the report was leaked before further submissions and finalisation - saying it perpetuates an incorrect view that ABSA benefited from undue SA Reserve Bank assistance.
Members of the @ANCYL_KZN have gathered in the Durban CBD to protest against #ABSA bank. pic.twitter.com/YEzyf73yOh
— ECR_Newswatch (@ECR_Newswatch) January 26, 2017
Show's Stories
-
New Apple Watches may soon feature drowning detection
Your Apple Watch might become your poolside guardian angel!
Stacey & J Sbu 8 hours ago -
KZN chronicles: Do you mispronounce certain place names?
Do you pronounce "Hluhluwe" and “Umhlanga” the correct way? Here’s what ...
Deon Govender 8 hours ago