Not necessarily FirstRand, but Barclays, and then when it became First National Bank
True, as a result of the leadership.
It was a popular viewpoint at the time due to the fact that Chris Ball, the Barclays Managing Director and communist was teabagging ANC heavyweights since the early eighties, for which he was awarded "
The Order of the Baobab in Silver" by the ANC presidency. Clearly had good teabagging skills and a card-carrying ANC member, but his wealth was what the ANC were really interested in (do things ever change?) and circa 1987 there were strong allegations that he paid $47,000 for an advertisement for the ANC. Think of a wealthy Carl Niehaus. There were also rumours that he was pomping Winnie. For this he went into "exile" and reappeared again in 1994 in Cape Town.