Reply to post:

Ubuntu daddy Mark Shuttleworth loses fight to cancel $20m bank fee

anothercynic Silver badge

Incorrect.

Considering that Shuttleworth sold Thawte for hundreds of millions of dollars (and hence billions of Rand), the RBSA held the money on his behalf. Don't for one second believe that he kept it in his Joe-Average cheque account at ABSA, First National, Standard or NedBank... Considering that his billions would not have had any standard deposit insurance at *any* consumer bank in South Africa, RBSA was the only place to put it.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon