We didn’t fund CR17 campaign - Absa

Staff Writer | Aug 13, 2019
The bank said that, as a matter of policy, it ‘does not make donations to political parties or politicians’.

Absa was responding to a report in the Sunday Independent which listed ‘Absa Nation Building’ as a donor to the CR17 political campaign.

This was the campaign conducted by supporters of President Cyril Ramaphosa in late 2017 to secure his leadership of the African National Congress (ANC) at the party’s elective congress in December that year.

Absa said in a statement that it did not make a donation to Ramaphosa's ANC presidential campaign ‘or any other campaign of that nature’.

The bank had contacted one of the authors of the newspaper report ‘who confirmed to us that “Absa Nation Building” was a transaction reference by third parties, not an entity. Thus, the link to Absa is purely coincidental’.

In a separate statement on Sunday, the presidency noted with ‘grave concern’ the leaking of ‘information, supposedly held only by the Public Protector, (including) bank statements of third parties, which record private transactions and which are strictly confidential’.

This amounted to a ‘violation of the constitutionally enshrined right to privacy’. What made it ‘all the more troubling’ was that it seemed the information had been ‘obtained in an illegal manner’.

The statement said President Ramaphosa ‘assures the South African public that CR17 was run as a clean campaign and in the spirit of some of this country’s rich democratic traditions- namely accountability, honesty and integrity’.  


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