Mkhwebane to oppose Zuma's review of state capture report

In her 355-page report released on November 2 a year ago, former Public Protector Thuli Madonsela said Zuma and some of his ministers may have allowed the Guptas, who are in business with the president's son, to influence the appointment of cabinet members and given them special treatment to enable them to buy a coal business.

Mkhwebane was speaking at a news conference in Pretoria.

"I am opposing the review by the President, including the Minister Zwane and Minister van Rooyen's applications because remember, they've also applied for judicial review to set aside the whole report", she further said.

Mkhwebane, responding to allegations of being captured by president Zuma, said: "I'm captured by the Constitution, not by anyone, I'm here to serve South Africans".

Absa has noted the Public Protector's statement today regarding her investigation into the SA Reserve Bank's assistance to Bankorp between 1985 and 1995.

In December Zuma, who has denied wrongdoing and faced down calls for his resignation over a series of scandals that have plagued his administration, asked the High Court to set the report aside.

"Therefore, on receiving the responses of all those who were implicated. that's why the report is totally changed from what was originally leaked to the media", Mkhwebane said.


She has referred the matter to the Special Investigating Unit (SIU).

The SIU now has the task of investigating the bailout and recovering public funds paid to Absa.

"Failure to recover the "gift" resulted in prejudice to the people of South Africa as the public funds could have benefited the broader society instead of a handful of shareholders of Bankorp Limited/ABSA Bank", she said.

ANCYL President Collin Maine says they are willing to work with Mkhwebane to ensure the money is paid back.

South African bonds weakened on Monday afternoon in line with the rand, which in turn, was affected by local political concerns.

In her recommendations, Mkhwebane said the constitution should be changed to make promoting balanced and sustainable economic growth the primary objective of the South African Reserve Bank (SARB).

The Reserve Bank was not available to comment. In the preliminary, Absa is found to have banked R1.25-billion plus interest over two decades.


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