The South African Reserve Bank filed its replying affidavit to challenge Public Protector Busisiwe Mkhwebane findings over the apartheid-era bailout of Bankorp.
Absa bought Bankorp, and Mkhwebane feels like the bank benefited indirectly.
The bank now wants the public protector to pay for legal charges, and claims that she abused her office, says EWN's Gia Nicolaides. it is a serious matter for the public protector, adds Nicolaides.
Not only is the Reserve Bank accusing her of abusing her office, but they also want her to pay for the legal costs out of her own pockets.— Gia Nicolaides, EWN reporter
In the replying affidavit, the bank says that as an organ of the state, the public protector is required to be frank with the court, and explain her conduct in a transparent manner, says Nicolaides.
She adds that Absa has accused the public protector of breaking every rule that applies to an organ of state.
They say in the affidavit, as a matter of law the public protector may not manufacture new reasons for her remedial action.— Gia Nicolaides, EWN reporter
That’s essentially what she’s done, says Nicolaides. She’s breached this principle by presenting an entirely new justification of her report, she adds and relies on analysis by an economist appointed after her report was published.
She’s basically ignored all these things, broken the rules.— Gia Nicolaides, EWN reporter
Listen to Gia Nicolaides reporting on why Absa believes the public protector has abused her power: