ANCYL takes to the streets of Joburg
ANC Youth League (ANCYL) members and supporters have brought the Johannesburg CBD to a standstill.
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.
ABSA Capital down town Jozi CBD #CryThebelovedCountry😁😳🔥🔥 pic.twitter.com/7TYCQBGX7t
— YMZ (@TumeloM_) February 10, 2017
We will not let @ABSA go unpunished on this one. ABSA must pay back the loot money from SARB #BoycottABSA pic.twitter.com/PBw4sqmhTR
— ANCYL (@ANCYLhq) February 10, 2017
Absa MST pay back the money pic.twitter.com/cBajnVdQ2o
— Luyanda Lulu (@MRayi33) February 10, 2017
ABSA ARE LOOTERS OF TODAY AND TOMORROW#ABSAPayBackTheMoney pic.twitter.com/atuIh0DZp7
— ANCYL (@ANCYLhq) February 10, 2017
#ANCYL march against @Absa pic.twitter.com/BRDB4Vo7d9
— Ntai Norman Mampane (@NNMampane1) February 10, 2017
SA Youth and South Africans, CLOSE ACCOUNTS WITH ABSA TODAY#BoycottABSA pic.twitter.com/bUvIuo95h0
— ANCYL (@ANCYLhq) February 10, 2017