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 […]

Business In The News South Africa

Tito Mboweni wages in on Public Protector’s findings against Absa

JOHANNESBURG, June 20 – Former governor of the South African Reserve Bank (Sarb), Tito Mboweni, on Tuesday waged in on the Constitutional amendment into the powers of Sarb as proposed by the Public Protector, saying that they were too fundamental. This comes after Public Protector Busisiwe Mkhwebane on Monday criticised Sarb for failing to recover R1.125 […]

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 […]

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 […]