PRETORIA- Public Protector Busisiwe Mkhebwane Bankrop-CIEX , where ABSA was ordered to pay back R1.125 billion loan from apartheid era bailout.
Absa’s Songezo Zibi: “We are obviously delighted and we’re studying the judgment. We can finally put the matter behind us.”
This is a devastating blow to the public protector, as the court has set aside her report after ABSA filed a complaint saying the report is flawed and be set aside.
Justice Cynthia Pretorius ordered Mkhwebane to pay 15% of the South African Reserve Bank’s (SARB’s) costs in her personal capacity. The rest of the 85% will be paid by her office.
The report was released in June, her findings called for ABSA to payback a loan that was approved by the Reserve Bank under the apartheid government.
The court also ordered that Mkhebwane should personally pay some of her opponents’ legal costs.
This is why three judges ordered @AdvBMkhwebane to pay 15% of the millions spent by SARB in challenging her CIEX report:
"It transpired that the Public Protector does not fully understand her constitutional duty…" pic.twitter.com/f8JNES2kVk— Karyn Maughan (@karynmaughan) February 16, 2018
Photo Credit- Mail and Guradian
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