It is worth noting that this section is derived from the briefing made by the South African Ambassador in Austria to the committee and meetings held with the officials of the UniCredit/Bank Austria on the day 1(8 October 2012); and Austrian Parliamentary Committee on the Court of Audit (Auditor- General) and the Investigation Committee on Corruption on the 8th of October 2012 and 10th of October 2012 respectively. As transpired from these briefings and meetings, the following key political and economic issues are considered and unpacked accordingly.