Cape Town – Public Protector Busisiwe Mkhwebane received a grilling from opposition MPs on Thursday, with much of their queries and criticism relating to her controversial report on Absa, while ANC MPs defended her.
In June Mkhwebane found that in granting financial aid to the apartheid-era bank Bankorp, the South African Reserve Bank had failed to comply with the South African Reserve Bank Act. Absa later bought Bankorp.
Mkhwebane ordered Absa to pay back the R1.125bn that the Reserve Bank granted to Bankorp and also prescribed that Parliament change the Constitution to also include in the Reserve Bank's mandate that it must promote balanced and sustainable economic growth and ensure that the socio-economic well-being of citizens is protected.
Absa took the report on review, as did Parliament, and Mkhwebane decided not to oppose Parliament's review application.
"All you should do is resign," said EFF MP Sam Matiase when Mkhwebane appeared before the portfolio committee on justice and correctional services on Thursday. He said nothing could undo the damage the Public Protector had caused.
"You bungled the most crucial matter," he said, adding that the R1.125bn that Absa would have had to pay back could have been used to uplift the poor.