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.....


Recommended

by NEWSROOM AI

702 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 702 community a safe and welcoming space for all.

702 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.

702 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
Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

Douw Steyn is one of Africa’s richest (yet you may not have heard of him)

Douw Steyn is one of Africa’s richest (yet you may not have heard of him)

Bruce Whitfield interviews Forbes Africa's Chris Bishop to find out more about this lesser known South African billionaire.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?