Bankcorp
Sarb-Absa report: 5 findings the ConCourt made against Mkhwebane
The majority judgment by Justices Sisi Khampepe and Leona Theron said the Public Protector's conduct warranted the personal costs order against her.
Public Protector Busisiwe Mkhwebane insists that Absa benefited from the bailout of Bankorp in the 1980’s and that the 2002 expert panel led by Judge Dennis Davis simply got it wrong.
Absa chief executive Maria Ramos says the remedial action rests upon material errors of fact and law.
The Public Protector found this week that Absa must repay more than R1 billion that Bankorp received as a bailout.
Busisiwe Mkhwebane revealed that Absa and its predecessor unduly benefited from a R1.125 billion bailout from the Reserve Bank.