Absa report: Reserve Bank governor weighs in

Lesetja Kganyago hopes the Public Protector changes her Absa report substantially after reading the documents they've submitted.

Reserve Bank Governor Lesetja Kganyago attends the 2017 World Economic Forum in Davos, Switzerland. Picture: Renart Toerien/EWN.

DAVOS - Reserve Bank Governor Lesetja Kganyago says he hopes Public Protector Advocate Busisiwe Mkhwebane changes her Absa report substantially after reading the documents they've submitted.

Last week it emerged a provisional draft of the report said the Absa group should re-pay government over R2 billion as the apartheid government had given it the money during the 1980s.

Kganyago is attending the World Economic Forum meeting in Davos.

He says they're going through the process with the Public Protector.

“And then we will submit our comments to the Public Protector and hopefully the Public Protector will come with a different final report, and when that report comes we will then comment publicly on that report.”

The Reserve Bank governor was then asked if he trusted the process the Public Protector's office and the Public Protector.

He says he trusts South Africa's institutions and the process.

“They have been tested throughout 2016 and before, our courts have been tested and we had seen the kinds of decisions that can be taken.”

Kganyago also says he thinks the country's economy will have a better year than 2016.

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(Edited by Neo Koza)