These guarantees were designed to help Katota obtain loans from international banks for its ambitious property projects in South Africa, as well as for projects elsewhere on the continent.

The guarantees that were to be issued by ING were part of other commitments obtained elsewhere to secure loans taken by Katota Companies for Katota Programs; But African pessimism did not allow the reporter to question the veracity of her facts. Katota is made up several companies, attempting to drag the reputation of so many companies and the persons involved into the mud are unfortunate.