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.....

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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.

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Advocate Paul Hoffman says Absa would have a difficult time suggesting Public Protector had no business considering the claim.

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Mantashe also says that the Reserve Bank is within its rights to review Mkhwebane's remedial actions recommendations.

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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.

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