Court dismisses Public Protector's appeal on Bankorp-CIEX costs order

accreditation

The North Gauteng High Court has dismissed Public Protector Busisiwe Mkhwebane's application for leave to appeal a previous judgment that she personally pay 15% of the costs incurred by the South African Reserve Bank in the long-running Bankorp-CIEX matter. 

In February the North Gauteng High Court found that Mkhwebane must pay the money to the central bank in her personal capacity. At the time the court also ordered that the Public Protector's Bankorp-CIEX report, in which she ordered ABSA to pay R1.125bn, be set aside. 

A panel of three judges on Wednesday said there was "no reasonable prospect that another court will come to a different conclusion to the reasons as set out in the judgment". 

The new application was dismissed with costs. 

The court case related to a report Mkhwebane released in June 2017, in which she called for ABSA to repay R1.125bn for a what she said was a "lifeboat" provided to Bankorp by the SA Reserve Bank during the apartheid era.

In turn, both the Reserve Bank and ABSA filed applications to have a court review the report and set it aside, saying the Public Protector did not have her facts straight.  

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.72
-0.8%
Rand - Pound
20.27
-1.0%
Rand - Euro
17.07
-0.7%
Rand - Aus dollar
11.04
-1.0%
Rand - Yen
0.13
-0.4%
Gold
1,785.55
-1.2%
Silver
23.93
-2.6%
Palladium
1,974.05
-4.1%
Platinum
1,031.00
-3.0%
Brent Crude
85.99
+0.5%
Top 40
60,888
+1.0%
All Share
67,436
+1.0%
Resource 10
63,809
+0.3%
Industrial 25
86,606
+1.5%
Financial 15
13,973
+0.9%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Facebook is facing a fresh crisis after a former employee turned whistle-blower leaked internal company research . Do you still use Facebook?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, the benefits outweigh the risk for me
26% - 300 votes
No, I have deleted it
44% - 518 votes
Yes, but I am considering deleting it
30% - 356 votes
Vote