Mkhwe­bane shocks mar­kets

Weekend Argus (Sunday Edition) - - SPORT -

PUB­LIC Pro­tec­tor Bu­sisiwe Mkhwe­bane this week rat­tled the mar­kets af­ter she said the gov­ern­ment should review the SA Re­serve Bank man­date from pro­tect­ing the value of the cur­rency to a seem­ingly much more in­clu­sive so­cio-eco­nomicbased in­sti­tu­tion that en­sures the so­cio eco­nomic well-be­ing of the cit­i­zen. Mkhwe­bane also or­dered Bar­clays’ lo­cal unit, Absa, to pay back a bailout of R1.125 billion by the SA Re­serve Bank to Bankorp. Absa is tak­ing Mkhwe­bane to court on the rec­om­men­da­tions.

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