Mkhewbane: lessons learned over Reserve Bank 'remedial action'

Public Protector Advocate Busisiwe Mkhwebane says lessons have been learnt from the way the Absa-Bankorp saga unfolded.

Mkhwebane was grilled by Members of Parliament (MPs) about her controversial report which directed Parliament to change the Reserve Bank’s mandate.

Read: Public Protector's defence does not make sense at all - law expert

The Absa-Bankorp matter loomed large over Mkhwebane’s meeting with Parliament’s Justice Portfolio Committee, reports EWN's Rahima Essop.

MPs want to know what was she thinking when she instructed Parliament to initiate steps to change the Reserve Bank's mandate.

Rahima Essop, EWN Reporter

Mkhwebane’s investigation into the apartheid-era bailout led her to findings against government and the Reserve Bank.

The report was challenged in court and her remedial action on the the Reserve Bank’s mandate was set aside.

She acknowledged the binding nature of her office's recommendations, since the Nkandla judgment change the legal framework of the Public Protector.

Mkhwebane did not apologise for her report recommendations and the EFF suggested that she should be axed for the bungle.

Take a listen to the EWN update and Mkhwebane speak in her own words:


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
'Cape aquifer drilling will have negative impact on rare fynbos'

'Cape aquifer drilling will have negative impact on rare fynbos'

Adam West of UCT's Biological Sciences Dept says we should proceed with due caution if we are looking to exploit that resource.

IJR: 'Inxeba' ban a blatant attempt to silence LGBTQIA voices, narratives

IJR: 'Inxeba' ban a blatant attempt to silence LGBTQIA voices, narratives

Last week, the highly-debated film was reclassified to X18 and was banned from being screened at mainstream cinemas.

Public Protector's defence does not make sense at all - law expert

Public Protector's defence does not make sense at all - law expert

Cathy Powell says Mkhwebane was obliged to report meeting with the Presidency and State Security Agency, which she did not do.

Mkhwebane's spokesperson says nothing sinister about Zuma and SSA meeting

Mkhwebane's spokesperson says nothing sinister about Zuma and SSA meeting

Details contained in an affidavit reveal Mkhwebane met with the two parties to discuss amending the SARB's constitutional mandate.

One should be worried about Mkhwebane's independence - Brown

One should be worried about Mkhwebane's independence - Brown

The South African Reserve Bank has accused the Public Protector of conspiring with the Presidency to attack the central bank.

Mkhwebane must explain conspiring with Presidency before Bankorp report release

Mkhwebane must explain conspiring with Presidency before Bankorp report release

The Reserve Bank has accused Mkhwebane of conspiring with the Presidency to undermine the authority of the Reserve Bank.

Popular articles
[LISTEN] Biomimicry could be the answer to Cape Town’s water crises

[LISTEN] Biomimicry could be the answer to Cape Town’s water crises

Certified biomimicry professional & founder of Biomimicry SA Claire Janisch chats about how biomimicry can help humans adapt.

Hawks video shows fugitive Ajay Gupta leaving SA

Hawks video shows fugitive Ajay Gupta leaving SA

The Hawks are in possession of video footage showing Gupta, wanted in connection with Vrede dairy farm scandal, leaving SA.

JoJo - struggling to keep up with demand - now has a turnover of R600 million

JoJo - struggling to keep up with demand - now has a turnover of R600 million

The JoJo brand has entrenched itself in the psyche of South Africans. Bruce Whitfield interviews its MD, Grant Neser.

'Today, Zuma declared war on the ANC'

'Today, Zuma declared war on the ANC'

Political analyst Richard Calland says there was a sinister and threatening tone to President Zuma's interview with the SABC.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.

Clifton in Cape Town is the 2nd best beach in the world – National Geographic

Clifton in Cape Town is the 2nd best beach in the world – National Geographic

The magazine describes Cape Town as a city flanked by stunning beaches and calls it “The African Capital of Cool”.