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Absa should pay back R10bn, says Manyi

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Mzwanele (Jimmy) Manyi. (Netwerk24)
Mzwanele (Jimmy) Manyi. (Netwerk24)

Cape Town – The money that Absa should pay back to the fiscus, following a preliminary report by the Public Protector, should in fact be R10bn – and not approximately R2.250bn, claimed Mzwanele Manyi, president of the Progressive Professionals Forum (PPF). 

“We really think this amount of R2.250bn (that the Public Protector mooted in a preliminary report) should be much more,” Manyi told Fin24 by phone. “Our estimates are that R10bn needs to be paid back. We’re hoping the full list of those implicated will be brought to book.” 

In the leaked report, Public Protector Busisiwe Mkhwebane stated that Absa did not pay the interest it owed the South African Reserve Bank (Sarb) following a financial bailout it had received some 25 years ago. 

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