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Africa Live: South Africa court rejects bid to deregister Zuma's party - BBC News Africa Live: Ethiopian bank recovers over $10m lost during glitch - BBC News
(32 minutes later)
Jenny Hill Kalkidan Yibeltal
BBC News BBC News, Addis Ababa
South Africa’s governing party African National Congress (ANC) has failed in a legal Ethiopia’s
bid to stop a newly formed party which is backed by the country’s former President Jacob Zuma, from running in May’s general election. largest commercial bank has said it recouped more than three-quarters of money
The ANC had argued that uMKhonto weSizwe, known as MK, had it had lost after a technical glitch allowed clients to withdraw or transfer
not met the criteria for official registration. more money than they had in their accounts.
The country’s electoral court on Tuesday morning rejected that In a press statement on Tuesday the
challenge. head of Commercial Bank of Ethiopia Abe Sano said more than $14m (£11m) was
The ANC – which polls predict could lose its majority when withdrawn from cash machines or transferred to other accounts during the incident that took place on 16 March.
South Africans vote on 29 May – has also instigated separate legal More than $10m has already been
proceedings against MK. recovered, Mr Abe said.
Mr Zuma's new party is gaining popularity since he joined it early this year, opinion polls suggest. Initial reports by local media said the amount of
The party’s name comes from the now disbanded armed money transacted during the glitch could be as high as $40m.
wing of the ANC, which has accused it of copyright infringement. Many of the
Read more: transactions were made by university students.
Jacob Zuma's MK - the political wildcard in South Africa's election According to the bank’s chief, thousands of clients returned the money voluntarily.
He added that those who haven’t
done so could face criminal charges.
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