Summary of Absa's replying affidavit in challenge to Public Protector's Report
28 November 2017
On Friday, 24 November 2017, the Public Protector filed her answering affidavit in response to the review applications brought by Absa, seeking the setting aside of the Public Protector’s Report on the financial assistance provided by the South African Reserve Bank to Bankorp. Absa acquired Bankorp at fair value in 1992.
The Public Protector’s affidavit was initially due on 16 October 2017. But, after the Public Protector's legal team withdrew in early October the Public Protector first sought a postponement to the end of January 2018, before conceding - in the midst of the postponement application – to file on 24 November 2017.
Absa, on Monday, 27 November, filed its replying affidavit to the Public Protector's answering affidavit. The High Court of South Africa in Pretoria will hear the matter from 5 to 7 December 2017.
Our points in response to the Public Protector's answering affidavit include the following: