Parliament to seek court order to set aside Public Protector action

2017-06-22 21:19

Parliament has joined Absa and the SA Reserve Bank in heading to court to get Public Protector Busisiwe Mkhwebane’s remedial action set aside, as they believe it is unlawful.

Public Protector: I didn't snub ex-Sarb governor

2017-06-21 15:57

Public Protector Busisiwe Mkhwebane has disputed a claim by Absa that she ignored testimony from former SA Reserve Bank governor Dr Chris Stals.

READ: Public Protector report into Bankorp funds

2017-06-21 07:42

Read the final report by the Public Protector, titled Alleged failure to recover misappropriated funds.

Tito Mboweni warns Public Protector not to interfere with SARB

2017-06-20 17:22

Former Reserve Bank governor Tito Mboweni has warned Public Protector Busisiwe Mkhwebane not to interfere in the independence of the bank.

Cut ties with Absa, ANCWL tells govt

2017-06-20 10:47

The African National Congress Women's League has called on all state departments to cut ties with Absa over the R1.1bn the Public Protector said it owes the SA Reserve Bank.

ANCYL applauds Mkhwebane's final report on Absa

2017-06-19 22:53

The ANCYL says it is "motivated" by Public Protector Busisiwe Mkhwebane's final report on the South African Reserve Bank's R1.125 billion bailout of Bankorp.

Absa: No obligation to pay R1.125bn bailout

2017-06-19 14:00

Absa has responded to the Public Protector's finding that it must repay a R1.125bn bailout, saying it believes it has no obligation to pay anything to the government.

Moody’s downgrades SA’s top 5 banks … and more

2017-06-12 20:22

Moody’s has downgraded the credit ratings of South Africa’s top five banks, three development finance institutions, 10 regional and local governments and three government-related entities.

Insurers pitch in to cover Cape disaster costs

2017-06-11 13:47

Several insurers have started processing claims for the damage caused by the Cape storm and Knysna fires, this is in addition to the corporates which have set up funds to aid those in need.

Barclays Africa to strategise a pan-African future

2017-06-01 18:23

Barclays Africa will retain the Barclays brand for the next three years as it transitions to a standalone pan-African business, said chief executive Maria Ramos.


Top business news: More controversy with Zuma, Public Protector

2017-06-21 18:25

Economists and business executives agree that President Jacob Zuma is devastating the economy, while news emerge that Public Protector Busisiwe Mkhwebane punted a book by an anti-Reserve Bank activist while probing the Bankorp bailout.

Pursuing a 30-year old bailout is sending SA on a wild goose chase

2017-06-21 08:26

Public Protector Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago and the role of the country's Reserve Bank, says Alan Hirsch.

Absa to approach high court to have Public Protector’s report set aside

2017-06-21 07:30

Absa and Barclays Africa have decided to approach the high court to have Public Protector Busisiwe Mkhwebane’s report into Bankorp reviewed and set aside.

Vavi's Saftu calls for nationalisation of SARB

2017-06-20 12:48

Following the release of the Public Protector’s CIEX report, Zwelinzima Vavi’s new trade federation is calling for the nationalisation of the Reserve Bank.

SARB seeks urgent court review to set aside Public Protector’s ‘unlawful’ action

2017-06-20 08:59

The SA Reserve Bank says Public Protector Busisiwe Mkhwebane’s remedial action to change the Constitution regarding its mandate to protect the value of the rand “falls outside her powers and is unlawful”.

Rand tanks as Public Protector opens Pandora’s box on currency laws

2017-06-19 14:26

The rand has tanked after Public Protector Busisiwe Mkhwebane recommended changes to the Constitution that would see the removal of a clause to protect the currency.

SA banks slated for dirty energy investments

2017-06-15 09:41

South Africa’s banks continue to bankroll coal investments to the tune of billions every year, risking leaving investors with stranded assets.

UPDATED: Bank threatens to close Zuma’s wife’s account – report

2017-06-11 17:49

Absa bank has threatened to close the bank account of President Jacob Zuma’s wife, Tobeka Madiba-Zuma over suspicious flows, according to a report.

Banks, big business give millions for Knysna fire victims

2017-06-09 10:23

Two of South Africa's big four banks have contributed a total R20m towards relief efforts for victims of the devastating fires in the Southern Cape.

Barclays sale 'a historic moment' - Maria Ramos

2017-06-01 10:48

Following the sale of 33.7% of Barclays Plc's shareholding in Barclays Africa, the bank is now an integrated, stand-alone Pan-African business, says chief executive Maria Ramos.

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