In The News South Africa

Ramaphosa must make public his statement to Public Protector over R500,000 bribe – Maimane

CAPE TOWN, January 30 – Democratic Alliance (DA) leader Mmusi Maimane on Wednesday said President Cyril Ramaphosa must make public his statement that he had agreed to submit to the Public Protector, Busisiwe Mkhwebane over her investigation into the R500,000 donation paid by Bosasa chief executive Gavin Watson. “[The] DA notes reports that President Ramaphosa […]

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Mkhwebane counsel says DA court action on Vrede Dairy Farm politically motivated

PRETORIA, October 24 – The public protector’s legal representative said in the North Gauteng High Court on Wednesday that the Democratic Alliance’s (DA’s) application to set aside the report of Busisiwe Mkhwebane on the Vrede Dairy Farm project, was politically motivated. Advocate Vuyani Ngalwana, made his submissions on Wednesday after the DA and the Council for […]

Business In The News South Africa

Afribusiness welcomes High Court ruling on Reserve Bank mandate

JOHANNESBURG, August 15 – AfriBusiness has welcomed the court ruling that the South African Reserve Bank (Sarb) will maintain its mandate as per the Constitution. This comes after the North Gauteng High Court on Tuesday ruled in favour of the Reserve Bank, setting aside Public Protector Busisiwe Mkhwebane’s remedial action which sought to change the mandate of […]

Business In The News South Africa

Public Protector’s Absa report ‘reckless’ – Reserve Bank Governor

CAPE TOWN, July 14 – Public Protector Busisiwe Mkhwebane’s report directing Parliament to change the mandate of the South African Reserve Bank (Sarb) was “reckless” and “damaging” to the country. This is according to Reserve Bank governor Lesetja Kganyago in an affidavit filed in the high court in Pretoria after Mkhwebane earlier informed the court […]

In The News South Africa

Public Protector will not oppose Sarb court application

JOHANNESBURG, July 11 – Public Protector Busisiwe Mkhwebane has decided not to oppose the SA Reserve Bank’s review application, following her report in which she directed Parliament to effect a Constitutional amendment to Sarb’s powers, her office said on Monday. “Having considered the legal advice from the senior counsel, which advice she accepted, the Public […]

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Parliament files affidavit regarding public protector’s ‘CIEX report’

CAPE TOWN, July 9  – National Assembly Speaker Baleka Mbete has filed an affidavit supporting the South African Reserve Bank’s (SARB) court application on Public Protector Busisiwe Mkhwebane’s so-called “CIEX Report” and findings, parliament said on Sunday. In her affidavit filed on Friday, Mbete also asked the Gauteng High Court to allow her and justice […]

Business In The News South Africa

Reserve Bank independence must be protected, says SA Banking Association

JOHANNESBURG, July 7 – The Banking Association South Africa (BASA) said on Friday that it had noted statements made during the  African National Congress (ANC) National Policy Conference about the South African Reserve Bank (SARB). This comes after the chairperson of the ANC’s economic transformation commission, Enoch Godongwana, said that the party had resolved to […]

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BLF pickets Peter Bruce for fake news

Solly Makganoto Johannesburg, June 29- The Black First Land First (BLF) movement said that it will be conducting protest action against Peter Bruce and will start today (Thursday) by picketing him. BLF alleges that white owned media has unleashed a massive campaign against the truth. “It hides white corruption and racism of white monopoly capital and attacks […]