Public Protector Busisiwe Mkhwebane speaks during a media briefing to mark 100 days in office on February 02, 2017 in Pretoria.
JOHANNESBURG – Public Protector, Busisiwe Mkhwebane, has conceded she was wrong to order a change in the South African Reserve Bank's mandate.
BREAKING: @PublicProtector won't oppose Reserve Bank challenge to her proposed constitutional amendments - but she's defended them. pic.twitter.com/wQ1oKyFuPf
— Karyn Maughan (@karynmaughan) July 10, 2017
READ: Public Protector wants to change Constitution on Reserve Bank
Mkhwebane has announced that she won’t oppose the bank's application to overturn her findings.
Great news from @PublicProtector ! Now they're volunteering to pay legal costs up front for taking stupid things to court. https://t.co/o6AZaMU760
— Abigail_A ? (@GlassPearl) July 10, 2017
Mkhwebane made the recommendation in her report on the Reserve Bank’s bail-out of Bankcorp. The bank approached the court to review the finding, arguing that a stable currency is essential for economic growh.
Parliament and Minister of Finance Malusi Gigaba also joined the legal bid against Mkhwebane.
