If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Afternoon clouds. Mild.
This week the court heard how the Public Protector failed to “apply her mind” during the Bankorp-CIEX probe and possibly breached the Constitution. Fin24 wraps up the top 10 quotes heard in the case.
The Public Protector’s counsel has argued that the lifeboat extended by the SARB to Bankorp, which was facing insolvency during the apartheid era, was unlawful.
Public Protector Busisiwe Mkhwebane’s conduct during the litigation process of the Bankorp-CIEX report was disrespectful to the law and the courts, the SARB’s counsel has argued.
The court review of the Bankorp-CIEX report started with non-profit company Open Secrets presenting its case to be admitted as a friend of the court.
Judgment on the Bankorp-CIEX report has been reserved and the court will endeavour to deliver judgment early 2018.
Public Protector Busisiwe Mkhwebane’s legal counsel has argued that the SARB has launched a personal attack on her integrity which could cost Mkhwebane her job.
Instead of granting ABSA its request for a meeting, the Public Protector chose to meet with other parties - including ABSA’s adversary BLF - before finalising the Bankorp-CIEX report.
A court will review the Public Protector’s report on apartheid bailout money for Bankorp which was bought by ABSA, to determine if there are still monies outstanding to the Reserve Bank.
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