SARB hits back at Mkhwebane's claims of 'challenges' in VBS probe - report

2019-12-13 08:12

Busisiwe (Andrew Mkhondo)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

The South African Reserve Bank (SARB) has hit back at Public Protector Busisiwe Mkhwebane, saying it already responded to her in September and is awaiting her feedback regarding the VBS Mutual Bank saga, according to eNCA.

This comes after Mkhwebane, at a media briefing on Thursday, claimed that the Public Protector's office was experiencing challenges in the investigation, News24 reported.

"There is also a pending investigation on the role of the [SARB] in the whole VBS saga. We are experiencing challenges with this one because the bank seems to believe that we do not have jurisdiction over it.

READ | Mkhwebane vs Baloyi: Court dismisses urgent application, says it does not have jurisdiction to hear it

"They seem to have misinterpreted the Constitutional Court judgment on personal costs," she said.

But eNCA reported that the SARB said while it did not comment on ongoing investigations, it "finds it surprising that the Public Protector finds it necessary to address these matters publicly, whilst an investigation is ongoing".

Speaking to the broadcaster, Mkhwebane said the investigation should be complete by now and added that her office experienced "challenges of receiving co-operation from state institutions, including the reserve bank".

She said her office had received a complaint from the DA regarding the role of municipal officials in the VBS matter, alleging that this was in violation of the Municipal Finance Management Act.

Another complaint, Mkhwebane said, was from a "member of the public" regarding the role the reserve bank should have played in the matter as a regulator.

Read more on:    public protector  |  enca  |  sarb  |  busisi­we mkhwebane  |  investigation  |  maladministration

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.