Corruption Watch: Public Protector’s views must be respected
Corruption Watch's David Lewis says Absa should immediately make it clear whether it will abide or launch a judicial review.
JOHANNESBURG - Corruption Watch has urged Absa bank to respect the Public Protector's findings and either repay the apartheid-era bailout or launch a judicial review.
On Monday, Busisiwe Mkhwebane released her findings, saying that the Reserve Bank had failed in its duties to protect the public by not ensuring that Absa repaid the R1.12 billion bailout given to failed bank Bankcorp.
Corruption Watch's David Lewis says that Absa should immediately make it clear whether it will abide or launch a judicial review.
“We think it’s very important that the views of the Public Protector are respected. It’s important that outstanding issues of apartheid are looked at as well.
The organisation has, however, stated that Mkhwebane was out of line by recommending that the mandate of the Reserve Bank's monetary policy should change.
(Edited by Shimoney Regter)