Ray Hartley Editor: BusinessLIVE

NOTE: This article originally appeared under the headline: "New public protector guns for bank that dumped the Guptas". After it was pointed out that this was stretching the point, it was changed to the present headline. All's fair in love and war, right? This morning's Mail & Guardian has revealed that the new public protector, Busisiwe Mkhwebane, has prepared her first report and it's a broadside at Absa over an apartheid-era bail-out that she says must be paid back. According to the M&G, Mkhwebane wants Absa to pay R2.25bn to the fiscus in compensation for the loan which has been found by several investigations to have been irregularly made. And, says the paper, she wants President Jacob Zuma to institute an inquiry into apartheid-era looting of the state. It is interesting that this historical issue - which a previous ANC administration decided ought not to be pursued - is Mkhwebane's highest priority. Why is this happening? Well, if you like your narratives dark and conspirator...

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