Barclays Africa must repay 1.1 bln rand over bailouts


PRETORIA, June 19 (Reuters) - Barclays Africa Group <BGAJ.J>
unduly benefited from apartheid-era bailouts and must repay 1.1
billion rand ($86 million), South Africa's anti-graft watchdog
said on Monday.
    Public Protector Busisiwe Mkhwebane in January reopened a
probe of Barclays South Africa following a wider report
published last November by her predecessor.
    She said on Monday that the probe had found that the
apartheid government breached the constitution by supplying
Bankorp, which was acquired by Barclays Africa unit Absa in
1992, with a series of bailouts from 1986 to 1995.
    Barclays Africa would have to pay 1.1 billion rand ($86
million), Mkhwebane said, adding that her office had referred
the matter to the Special Investigating Unit to help recover the
    Barclays Africa said it planned to issue a statement.
    ($1 = 12.7941 rand)

 (Reporting by Dinky Mkhize; writing by Ed Stoddard and Tiisetso
Motsoeneng; editing by James Macharia and Jason Neely)
 ((Edward.Stoddard@thomsonreuters.com; +27 11 775 3160; Reuters
Messaging: edward.stoddard.thomsonreuters.com@reuters.net))


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