Eusebius Opinion: Mkhwebane doesn't have power to amend the Constitution

Public Protector Busisiwe Mkhwebane doesn't seem to understand the mandate of the Reserve Bank, says presenter Eusebius McKaiser.

McKaiser says it is not Mkhwebane's place to try change the Reserve Bank’s monetary policy and adds that her legal and economic reasoning is weak.

On Monday, Mkhwebane said that Parliament must change the Constitution to amend the mandate of the Reserve Bank away from protecting the value of the currency.

LISTEN: Public Protector defends call for Constitutional changes

He adds that the merits of the Reserve Bank mandate is secondary to the question of whether it is in her powers to make the Constitutional changes.

There are very bad economic reasons behind her proposal.

Eusebius McKaiser, CapeTalk and 702 presenter

Also read: Mkhwebane orders Parliament to change the Constitution

I'm not conceding that the Reserve Bank mandate is wrong or needs expanding, I think she doesn't understand the mandate currently.

Eusebius McKaiser, CapeTalk and 702 presenter

The mandate of the Reserve Bank is already quite expansive... There are good economic reasons for the current mandate.

Eusebius McKaiser, CapeTalk and 702 presenter

WATCH: Public Protector in the hot seat

At the same time, the Reserve Bank is set to challenge the Public Protector’s recommendation that its mandate be adjusted in court.

The ANC has told Eyewitness News that the Public Protector has overreached her power.

On Tuesday, Mkhwebane joined McKaiser for a lengthy interview following the release of her report on Absa.

Take a listen to his perspective and callers share their opinion:

Listen for the full length interview with Public Protector BusisiweMkhwebane:

Below are some Twitter responses, search #702PublicProtector for more:


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