It was IMC and not Cabinet pushing for banking inquiry - Zwane's spokesperson

It appears that a mistake was made today after the inter-ministerial committee led by Mineral and Energies Minister Mosebenzi Zwane set up to probe South Africa’s banks, released a statement saying Cabinet has now recommended that President Zuma should establish a judicial inquiry.

Department of Mineral Resources spokesperson Martin Madlala says the judicial inquiry into the banks was proposed because the Inter-ministerial Committee (IMC) felt the matter was important to investigate further.

The judicial commission will have some extended powers to investigate that the IMC (inter-ministerial committee) doesn't have necessarily. And to extend the investigation will produce some additional results that will be beneficial to the country.

Martin Madlala, Mineral Resources spokesperson

Asked by Xolani Gwala if he accepts that it is misleading to say the resolution comes from the Cabinet, when it in fact it came from the IMC, Madlala admitted this to be true and said:

In so far yes it is.

Martin Madlala, Mineral Resources spokesperson

Listen to the full interview below...

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