ANCYL: Absa must repay bailout with interest
The ANCYL's Collen Maine says they are giving the bank 21 days to respond to their memorandum or face a nationwide occupation of their branches.
JOHANNESBURG – The African National Congress Youth League’s (ANCYL) president Collen Maine has told Absa that their days are numbered and that the league wants the bank to repay an apartheid era bailout with interest.
The league marched on the bank offices in the Johannesburg CBD on Friday, where it handed over a memorandum to officials.
A leaked preliminary report by the Public Protector’s office has found that the apartheid government had bailed out Bankcorp, which later became Absa, during the dying days of the regime.
Maine says they are giving the bank 21 days to respond to their memorandum or face a nationwide occupation of their branches.
"Today we are peaceful, but the next time we come there is no peace. We are saying ‘economic freedom or death’."
Public Protector Busisiwe Mkhwebane has emphasised that the leaked report is not final and could still change dramatically.
WATCH: ANCYL march on Absa offices in Johannesburg CBD