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 […]

Lead South Africa

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

Government has no intention of amending Constitution on SA Reserve Bank’s mandate

CAPE TOWN, July 5 – Finance Minister Malusi Gigaba has instructed legal counsel to institute judicial review proceedings in a bid to have Public Protector Busisiwe Mkhwebane’s findings and remedial action on Absa Bank and the SA Reserve Bank (Sarb) set aside, his office announced on Wedneday afternoon. In her report titled “Alleged Failure to […]

Lead South Africa

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 […]

In The News South Africa

DA welcomes Parliament’s decision to review Public Protector report

The opposition Democratic Alliance (DA) on Friday welcomed Parliament’s decision to take on review the Ciex report released by the Public Protector, Busisiwe Mkhwebane, on Monday. The DA said the “remedial actions” listed by Mkhwebane, which included amending parts of the Constitution in respect of the mandate of the South African Reserve Bank (SARB), constituted […]