Protesting ANC Youth League (ANCYL) members stormed into an Absa branch in Durban on Thursday‚ demanding that the bank pay back money it claimed had been "looted from our people". About 150 ANCYL supporters protested at the bank’s branch on Anton Lembede (formerly Smith) Street in the Durban CBD — at one point they stormed into the branch‚ stating they were there to occupy the bank and not the street. Clad in bright yellow shirts‚ the protesters demanded the bank pay back money "it looted from our people", following a leaked Public Protector draft report suggested that Absa pay back R2.25bn it received as part of alleged apartheid-era looting of state finances. Absa has denied any wrongdoing and said it has worked openly with the Public Protector’s office on the investigation. Protests were also planned for Kokstad‚ in KwaZulu-Natal‚ but it was not possible to immediately confirm the turnout. "We are here today to ask for the money that was stolen by Absa. Our plan is to disrupt Abs...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.