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SACP calls for probe into apartheid state looting

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The South African Communist Party (SACP) has called for a full investigation into the alleged looting of state coffers during the apartheid era.

This follows the leaking of a preliminary Public Protector’s report.

It contains recommendations that Absa Bank pay the Reserve Bank R2.25 billion.

An investigation conducted in 1997 by a UK-based asset recovery agency, CIEX, apparently suggested to the Reserve Bank that it should recover billions from Bankorp which had been taken over by Absa.

SACP spokesperson Alex Mashilo says the money should be recovered and used for developmental purposes.

On Sunday, the African National Congress Women’s League also called on Public Protector Busisiwe Mkhwebane to conduct a full scale investigation into apartheid-era state looting.

The Women’s League says all those implicated in the apartheid-era state looting need to be brought to book.

[Source: SABC]
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1 comment

  1. Re: “looting of state coffers during the apartheid era”, Public Protector Busisiwe Mkhwebane should investigate the shenanigans of golfer, Gary Player and cricketer, Eddie Barlow in the Connie Mulder / Eschel Roodie fall.
    There was a time also, when the Divisional Council of the Cape also went by the name Western Cape Regional Services Council. Every Broeder boss there at the time, believe it or not, was paid TWO salaries: one, a DIVCO salary and also a WCRSC salary! This should be investigated and the culprits brought to book!

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