Absa claims public protector abused her office

The South African Reserve Bank filed its replying affidavit to challenge Public Protector Busisiwe Mkhwebane findings over the apartheid-era bailout of Bankorp.

Absa bought Bankorp, and Mkhwebane feels like the bank benefited indirectly.

The bank now wants the public protector to pay for legal charges, and claims that she abused her office, says EWN's Gia Nicolaides. it is a serious matter for the public protector, adds Nicolaides.

Not only is the Reserve Bank accusing her of abusing her office, but they also want her to pay for the legal costs out of her own pockets.

Gia Nicolaides, EWN reporter

In the replying affidavit, the bank says that as an organ of the state, the public protector is required to be frank with the court, and explain her conduct in a transparent manner, says Nicolaides.

She adds that Absa has accused the public protector of breaking every rule that applies to an organ of state.

They say in the affidavit, as a matter of law the public protector may not manufacture new reasons for her remedial action.

Gia Nicolaides, EWN reporter

That’s essentially what she’s done, says Nicolaides. She’s breached this principle by presenting an entirely new justification of her report, she adds and relies on analysis by an economist appointed after her report was published.

She’s basically ignored all these things, broken the rules.

Gia Nicolaides, EWN reporter

Listen to Gia Nicolaides reporting on why Absa believes the public protector has abused her power:


This article first appeared on 702 : Absa claims public protector abused her office


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
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.

Sarb governor Lesetja Kganyago welcomes court ruling affirming bank's mandate

Sarb governor Lesetja Kganyago welcomes court ruling affirming bank's mandate

The central bank welcomed a High Court judgment affirming the institution’s inflation targeting mandate, the bank’s governor said.

Mkhwebane's remedial action of Reserve Bank's mandate set aside by High Court

Mkhwebane's remedial action of Reserve Bank's mandate set aside by High Court

Judge John Murphy endorsed the Reserve Bank Governor Lesetja Kganyago's criticism of Mkhwebane's findings.

Constitution mandates Sarb to protect the value of the rand in your pocket

Constitution mandates Sarb to protect the value of the rand in your pocket

The Money Show’s Bruce Whitfield interviews Reserve Bank Deputy Governor Kuben Naidoo.

Sarb governor says he was asked if he would quit after PP recommendation

Sarb governor says he was asked if he would quit after PP recommendation

Reserve Bank Governor Lesetja Kganyago appeared before Parliament’s standing committee on finance on Tuesday.

Sarb not backing down on court bid to overturn Mkhwebane's remedial action

Sarb not backing down on court bid to overturn Mkhwebane's remedial action

Reserve bank officially approached the court to set aside Mkhwebane's remedial actions to change the mandate of the Reserve Bank.

Popular articles
'This puts pressure on Jacob Zuma to vacate office earlier'

'This puts pressure on Jacob Zuma to vacate office earlier'

The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.

Judge Mlambo: Zuma's application amounts to abuse of judicial process

Judge Mlambo: Zuma's application amounts to abuse of judicial process

EWN Barry Bateman explains the High Court proceeding on President Zuma's application to set aside parts of Madonsela's report.

It's chicken for Joburgers and Durbanites, but what do Capetonians feast on?

It's chicken for Joburgers and Durbanites, but what do Capetonians feast on?

Stephen Grootes spoke to founder and CEO of OrderIn to find out more about South African's eating habits.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

[LISTEN] Caller challenges Eusebius on land disposition

[LISTEN] Caller challenges Eusebius on land disposition

‘I need you to provide me with an answer' - John from Edenvale, Gauteng