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

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Public Protector Busisiwe Mkhwebane. (Netwerk24)
Public Protector Busisiwe Mkhwebane. (Netwerk24)

Cape Town – ABSA and its main shareholder Barclays Africa have decided to approach the high court in order to have the Public Protector’s report into Bankorp reviewed and set aside, it said on Wednesday.

The South African Reserve Bank announced it would also seek to have the report reviewed on Tuesday.

The SARB said Public Protector Busisiwe Mkhwebane’s remedial action seeking Parliament to change the Constitution regarding the bank's mandate to protect the value of the rand “falls outside her powers and is unlawful”.

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