ANCYL takes to the streets of Joburg

ANCYL takes to the streets of Joburg

ANC Youth League (ANCYL) members and supporters have brought the Johannesburg CBD to a standstill.

ANCYL march to Absa in Joburg
Photo: Twitter, @ANCYLhq

The ANCYL is marching to Absa Towers, demanding that the bank pay back the money it received as bail-out from the apartheid government.


A preliminary report by the Public Protector into Absa's predecessor, Bankkorp, was leaked last month. According to the leaked report, Absa has been ordered to pay back some R2 billion rand. 


The report is based on an investigation by a UK company in 1997 which probed claims that the Bankorp group of banks, bought by Absa in 1992, had been offered R1.5 billion under the guise of a bailout before the dawn of democracy. 


The league is expected to handover a memorandum, but have no plans to occupy the bank.

Show's Stories