Published: Tue, June 20, 2017
Sci-tech | By Javier West

It is unclear whether Public Protector can recommend amending Constitution


The DA states that Mkhwebane has yet to deliver investigation reports based on complaints laid against the Gupta family almost a year ago and that this silence has led to serious doubts surrounding her objectivity and neutrality.

The requirements for a constitutional change that would shift the Reserve Bank's mandate from protecting the value of the rand in favour of the socio-economic wellbeing of citizens was unlikely‚ Nomura's emerging-markets investment economist Peter Attard Montalto said.

Absa has noted the Public Protector's statement today regarding her investigation into the SA Reserve Bank's assistance to Bankorp between 1985 and 1995.

"This is quite unusual that a Public Protector has been so specific on changing the constitution or indeed be so radical on transformation", he said.

In her findings on the report by Ciex, a covert asset recovery agency in the United Kingdom, Mkhwebane said the conduct of the Reserve Bank and the government regarding the Absa bailout, which included a number of banks in the Bankorp group receiving unlawful funds during the apartheid era, were inconsistent with various sections of the Constitution.

Public Protector Busisiwe Mkhwebane has indicated in a press conference in Pretoria on Monday that she still intends to oppose President Jacob Zuma's review of her predecessor's State of Capture report.

I am opposing the review by the President, including the Minister Zwane and Minister van Rooyen's applications because remember, they've also applied for judicial review to set aside the whole report.

Mkhwebane, responding to allegations of being captured by president Zuma, said: "I'm captured by the Constitution, not by anyone, I'm here to serve South Africans".

Zuma has denied any wrongdoing, and is challenging the Public Protector's report in court. It said it was studying Mkhwebane's report and would consider its legal options.

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