Zwane, a Gupta deployee who occasionally moonlights as Mining Minister: Brown

Political analyst Karima Brown says Advocate Busiswe Mkhwebane's pronouncement on changes to the Reserve Bank’s monetary policy should be questioned.

On Monday, the Public Protector said the Reserve Bank had failed in its duties to protect the public by not ensuring that Absa Bank repaid an apartheid-era bailout given to failed bank Bankorp.

Why would a Public Protector tell us how to formulate monetary policy?

Karima Brown, political analyst

The process of policy making must be guided by a legal process, what we see here is the Public Protector trying to move into an area that she is not legally and constitutionally able to do and one must then ask what is the motivation, why would the Public Protector meddle in areas where she is not meant to be.

Karima Brown, political analyst

I think the Public Protector is on very dangerous ground...whose interests are they beginning to serve?

Karima Brown, Political analyst

Referring to the controversial Mining Charter by Mining Minister, Mosebenzi Zwane, Brown said his "track record about truth telling is not one that instills confidence."

If you look at the mining communities, they are not benefiting from this Charter if you look at the granular detail. This is going to be a monumental fight. The President and Deputy President have urged the Minister to consult with stakeholders and this is a clear indication that the Minister is a Gupta deployee and occasionally moonlights as Mining Minister.

Karima Brown, political analyst and Talk At Nine host

Click on the link below to listen to the full audio.....


This article first appeared on 702 : Zwane, a Gupta deployee who occasionally moonlights as Mining Minister: Brown


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Absa says it can't be held liable to repay loan, will challenge in court

Absa says it can't be held liable to repay loan, will challenge in court

The bank has issued a statement responding to the Public Protector's report saying it does not owe the Central Bank any money.

A short history of the uncovering of the Absa/Bankorp ‘lifeboat’ scandal

A short history of the uncovering of the Absa/Bankorp ‘lifeboat’ scandal

The Money Show’s Bruce Whitfield interviews Noseweek Editor Martin Welz, the man who broke the story back in the mid-90s.

"The Public Protector has not ordered Absa to pay back the money"

"The Public Protector has not ordered Absa to pay back the money"

Advocate Paul Hoffman says Absa would have a difficult time suggesting Public Protector had no business considering the claim.

Absa must pay back the money - Gwede Mantashe

Absa must pay back the money - Gwede Mantashe

Mantashe also says that the Reserve Bank is within its rights to review Mkhwebane's remedial actions recommendations.

Advocate Paul Hoffman explains the history of CIEX report and its relevance

Advocate Paul Hoffman explains the history of CIEX report and its relevance

Advocate Paul Hoffman on the history of the findings of the Public Protector that Absa must pay back the apartheid-era bailout.

Government acted improperly by failing to act on the CIEX report - Mkhwebane

Government acted improperly by failing to act on the CIEX report - Mkhwebane

The Public Protector has found that government and SARB failed to recover funds paid to Bankorp/ABSA.

Popular articles
SABC was wrong to publicly rebuke Peter Ndoro - Stephen Grootes

SABC was wrong to publicly rebuke Peter Ndoro - Stephen Grootes

Ndoro has received much support from his media colleagues and the public after being put on leave following an on-air error.

[LISTEN] Zuma was outstanding leader in early days: Justice Albie Sachs

[LISTEN] Zuma was outstanding leader in early days: Justice Albie Sachs

Former Constitutional Court judge Justice Albie Sachs remembers President Zuma's struggle days.

LISTEN: Cancer sufferer tells of experience with insurance giant

LISTEN: Cancer sufferer tells of experience with insurance giant

Suren Narismulu, Liberty Life customer chats to Kieno Kammies about his dreadful experience with the insurance company.

Political desk: Who will be South Africa's deputy president?

Political desk: Who will be South Africa's deputy president?

With Cyril Ramaphosa ascending to the Presidency, speculations are rife on who will be appointed deputy president.