Absa’s decision not to finance Karpowership SA cropped up at its AGM last week. It’s not a new decision for the bank, but should nonetheless be a warning to corporate SA about the risks of being associated with bad ideas.
On the face of it, Absa was a well-meaning potential funder that considered financing a solution that would contribute to easing the energy crisis, but something put it off. It hasn’t said what it was about the deal it didn’t like, but we can hazard a guess...
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