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South Africa's cenbank says to weigh in on Barclays Africa bailout report
January 13, 2017 / 6:06 AM / in 6 months

South Africa's cenbank says to weigh in on Barclays Africa bailout report

1 Min Read

JOHANNESBURG, Jan 13 (Reuters) - South Africa's central bank will give extensive comment to the anti-graft watchdog about a preliminary report claiming Barclays Africa Group benefited from an apartheid-era bailout, Governor Lesetja Kganyago told talk radio 702 on Friday.

The Mail & Guardian newspaper reported that Absa, a unit of Barclays Africa Group, could be forced to pay 2.25 billion rand ($166.32 million) to the state for an alleged unlawful apartheid-era bank bailout if a preliminary report by the Public Protector remains unchanged.

Barclays Africa said it will issue a statement later. ($1 = 13.5279 rand) (Reporting by Nqobile Dludla; Editing by Muralikumar Anantharaman)

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