Business Lead South Africa

South African Reserve Bank to challenge Public Protector’s CIEX report findings

JOHANNESBURG, June 20 – The South African Reserve Bank (Sarb) said on Tuesday that the Public Protector had no powers to direct Parliament to effect a Constitutional amendment to the powers of the Reserve Bank, saying that it would challenge her findings. This comes after Public Protector Busisiwe Mmkhwebane on Monday criticised Sarb for failing to […]

In The News South Africa

ANC Women’s League welcomes Public Protector report on Absa

PRETORIA, June 20 – The African National Women’s League (ANCWL) has welcomed the Public Protector report which instructs the Special Investigating Unit (SIU) to recover misappropriated public funds given to ABSA totalling over R1 billion. On Monday, Public Protector Busisiwe Mkhwebane criticised government and the South African Reserve Bank (SARB) for failing to recover more […]

In The News South Africa

Maphatsoe rubbishes reports that he forced department to finance MKMVA conference

JOHANNESBURG, June 19 – Newly re-elected uMkhonto We Sizwe Military Veterans’ Association (MKMVA) president Kebby Maphatsoe on Monday rubbished claims that he had forced the department of military veterans to fork out R8 million to finance the association’s 5th elective conference. Maphatsoe, who is also deputy minister of the military veterans department, said his organisation […]