Absa has explained its reasons for a court challenge against the findings of the Public Protector Busisiwe Mkhwebane .
Spokesperson Songezo Zibi explains to Stephen Grootes why it believes she has behaved in a legally irrational manner.
We believe the Public Protector's findings are wrong and irrational.— Songezo Zibi, Absa
He says the findings moved from using the testimony of Dr Chris Stals to using the findings of the Davis panel of experts, yet with a different outcome in terms of the determination of the liability.
She does not explain why she differs from the Davis panel's findings and has not given an explanation, he adds
In January Absa asked for the original documents from which she drew her conclusion and she refused to provide them.
Is it damaging the bank?
Absolutely...You have a lot of people that think Absa behaved corruptly and owes money, and people vowing to shut down branches.— Songezo Zibi, Absa
This is not about the money but about the correct facts and the court might be the right place...to ventilate all the issues.— Songezo Zibi, Absa
Is the Public Protector playing a political role?
He says Absa does not want to speculate on the motives behind the findings at this stage.
The remedial action that Constitution be amended is not something Busisiwe Mkhwebane is empowered to do as the Public Protector, he says.
Don't tamper recklessly with the Reserve Bank mandate.— Songezo Zibi, Absa
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