AMABHUNGANE: Sasfin Bank pursuing millions in 'odious' but dubious school debts - Daily Maverick

Seemingly questionable debts hobbling a poor school in Soweto have found their way into the investment bank Sasfin’s vast securitisation programme, with apparently scant attention paid to the dubious underlying contracts. This cautionary tale of alleged corru…

A primary school in Pimville serving roughly 1,000 pupils recently saw its bank account seized while fending off a multimillion-rand claim from Sasfin Bank. Its state subsidy for the year was subsequ… [+13491 chars]

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