ABSA: 'We Do Not Donate To Political Parties'


ABSA bank was featured on a list of donors who helped fund the party's 2017 leadership campaign.

Image: Reuters

By Staff Reporter

ABSA bank has denied allegations that it donated money to President Cyril Ramaphosa's CR17 election campaign for tge ANC president in 2017.

This follows after their name was featured on a list of donors who helped fund the party's 2017 leadership campaign.

Public Protector Busisiwe Mkhwebane found that Ramaphosa misled Parliament over the source of a R500 000 Bosasa donation. Ramaphosa claims the report itself is legally flawed.

ABSA spokesperson Phumza Macanda says ABSA Nation Building is not an entity belonging to the group.

“ABSA did not donate to the CR17 campaign. As a policy, we do not donate to political parties or politicians. We checked yesterday throughout organisation and I can confirm that there is no such entity under ABSA in the group.”
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