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Top news items in major S. African media outlets

Xinhua, January 14, 2017 Adjust font size:

The following are news highlights in South African major media outlets on Saturday.

-- Absa bank said on Friday a preliminary report by Public Protector Busisiwe Mkhwebane that recommends the bank pay back R2.25bn (U.S.$1.6bn) it received as part of an unlawful apartheid-era bailout is "regrettable".

The bank said that the Davis Panel of experts appointed by former South African Reserve Bank (Sarb) governor Tito Mboweni in 2000 found that Absa's shareholders did not derive any undue benefit from the Sarb's intervention, and as such no claim of restitution could be pursued against Absa.(Fin News)

-- Former South African Broadcasting Corporation (SABC) Board Chairperson Ellen Tshabalala has admitted to strong political interference during her tenure at the public broadcaster. She was testifying before parliament's Adhoc committee into the SABC on Friday.

Tshabalala, who left the SABC after she could not prove her claims that she had several university degrees, was answering questions from Committee Chairperson, Vincent Smith(South African Broadcasting Corporation) Endit