Business In The News South Africa

Public Protector has erred, says Banking Association

JOHANNESBURG, June 20 – The Banking Association of South Africa (BASA) said on Tuesday that the Public Protector has erred in making comments and recommendations about the Constitutional mandate of the Reserve Bank. This comes after Public Protector Busisiwe Mmkhwebane on Monday ordered remedial action directing Parliament to effect a Constitutional amendment to the powers […]

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

BLF26 to appear in Pretoria Regional Court

On Wednesday morning, twenty six Black First Land First members (BLF26) will appear at the Pretoria Regional Court tomorrow, on charges of public violence, trespassing, kidnapping and intimidation. The charges which BLF claims are trumped up and without merit, followed a protest action by the movement at the Office of the former Public Protector, Advocate Thuli Madonsela.  Twenty six […]

In The News South Africa

ANCYL campaign against banks must continue, says ANC KwaZulu-Natal chairman

DURBAN, February 25 (ANA) – The campaign started by members of the African National Congress Youth League (ANCYL) against Absa and other banks must be “sustained and extended”, KwaZulu-Natal ANC chairman Sihle Zikalala said on Friday. “The revelation of banks’ collusion on fixing and manipulation of the rand should not be allowed to be downplayed […]

Lead South Africa

Cosatu lashes out at ‘self-serving’ politicians over bank corruption response

JOHANNESBURG – The Congress of SA Trade Unions (Cosatu) on Thursday described government and politicians’ reaction to looming prosecution of 17 banks colluding in alleged price fixing as a “self serving political theatre” and accused those in leadership of not reigning in on private sector corruption. “It is dishonest for anyone to pretend as if […]

In The News South Africa

ANCWL calls for government to boycott banks over ‘orchestrated corrupt practice’

JOHANNESBURG – The African National Congress Women’s League (ANCWL) has called on the government to stop doing business with banks named by the Competition Commission and referred to the Tribunal for prosecution over allegations that they colluded in foreign currency deals. The Commission on Wednesday said it had referred the collusion case to the Tribunal […]