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
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
Enjoy life and save for the future by splitting income using the '50/15/5 rule'

Enjoy life and save for the future by splitting income using the '50/15/5 rule'

You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.

South Africa is flirting with recession. Again. How to 'create your own economy'

South Africa is flirting with recession. Again. How to 'create your own economy'

The timing could not be better to create your own economy, says small business guru Pavlo Phitidis.

You can now apply to generate electricity and feed it into the grid

You can now apply to generate electricity and feed it into the grid

The change comes after Energy Minister Jeff Radebe told the National Energy Regulator of SA to license applications to do so.

[WATCH] Twin toddlers climbing a fridge has Twitter in stitches!

[WATCH] Twin toddlers climbing a fridge has Twitter in stitches!

Khabazela shares tweets and Facebook posts that have gone viral.

'If you want to clear your name, why would you postpone your swearing-in?'

'If you want to clear your name, why would you postpone your swearing-in?'

Former ANC MP Melanie Verwoerd says she is not convinced by David Mabuza's reason to temporarily step aside as an MP.

'Thuli Madonsela’s name has been mentioned for Deputy President'

'Thuli Madonsela’s name has been mentioned for Deputy President'

Lumkile Mondi (Wits), Ferial Haffajee and Busisiwe Mavuso (Business Leadership SA) on the President's upcoming "slim" Cabinet.

[Exposed] Car dealerships, banks in cahoots; you’re not always getting best deal

[Exposed] Car dealerships, banks in cahoots; you’re not always getting best deal

Consumer journalist Wendy Knowler uncovered evidence of banks sending dealer principles on holidays abroad for hitting targets.

Running Bidvest doesn’t scare me! - Mpumi Madisa (39)

Running Bidvest doesn’t scare me! - Mpumi Madisa (39)

Madisa will soon become Bidvest’s CEO and the only black woman CEO of a JSE Top-40 company. At 39, she’ll also be the youngest.