Finweek English Edition - - IN BRIEF - City Press

The num­ber of South African clients with se­cret Swiss Bank ac­counts, hold­ing de­posits worth about $2bn (R23.4bn). The In­ter­na­tional Con­sor­tium of In­ves­tiga­tive Jour­nal­ists (ICIJ) re­vealed more than 120 000 clients from 203 coun­tries who stashed mil­lions in HSBC ac­counts. Clients in­clude Fana Hlong­wane, arms con­sul­tant and spe­cial ad­viser to for­mer de­fence min­is­ter Joe Modise, and Jean-Yves Ollivier, a for­mer South African res­i­dent and an Al­ge­rian na­tional who worked as a peace and hostage ne­go­tia­tor, re­ported.

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