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S.Africa watchdog says Barclays Africa must repay $86.44 mln over bailouts
20 June 2017, 12:10 | Gerardo Harmon
Public Protector must release Gupta reports – DA
Mkhwebane was speaking during a media briefing held in Pretoria on Monday.
"This is quite unusual that a Public Protector has been so specific on changing the constitution or indeed be so radical on transformation", he said. That phrase has been central to South African monetary policy since the end of white-minority rule in 1994.
It is unclear why she deviated into monetary policy as she delivered her findings against Barclays Africa, a tangent that Nomura emerging markets economist Peter Attard Montalto described as touching "Pandora's Box".
"This is quite unusual that a Public Protector has been so specific on changing the constitution or indeed be so radical on transformation", he said.
The NGO's Director Paul Hoffman says the bailout was illegal and there was evidence of maladministration by the new South African government in its failure to follow up on misappropriated money.
The Presidency announced at the end of past year that Jacob Zuma would be taking former Public Protector Thuli Madonsela's state capture report on review.
In her findings on the report by Ciex, a covert asset recovery agency in the United Kingdom, Mkhwebane said the conduct of the Reserve Bank and the government regarding the Absa bailout, which included a number of banks in the Bankorp group receiving unlawful funds during the apartheid era, were inconsistent with various sections of the Constitution. Zuma's lawyers also argued it was unconstitutional for the public protector to tell the president to set up a judicial commission and decide who should chair it within 30 days.
"Absa did not make a provision in its accounts for the repayment of the interest on the SARB loan to Bankorp because no such liability to repay interest existed", they said.
Tshwane - Public Protector Busisiwe Mkhwebane announced on Monday that she would be opposing President Jacob Zuma's application to review and set aside the damning "State of Capture" report compiled by her predecessor Thuli Madonsela. Once we have read it we will consider our legal options including seeking a High Court review.
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Unwed American mothers, meanwhile, are only subject to a 1-year US residency requirement to give their children USA citizenship. After oral argument , the justices were deadlocked 4-4, which left the lower court's ruling in the government's favor in place.
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A man in a suit and tie was killed in what is believed to be New York City's first fatality involving a Citi Bike Monday. Police said Hanegby and the 52-year-old charter bus driver were both headed east on 26th Street when they collided.
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Otto Warmbier , a University of Virginia student, was medically evacuated from North Korea and flown to Cincinnati late Tuesday. Doctors said they examined Warmbier's body and saw no evidence of fractures that might be evidence of severe beatings.
Microsoft Announces Its Own E3 Week Price Cut for Xbox One S
That's a 130-per-cent increase over previous year , said Entertainment Software Association chief executive Mike Gallagher. Please note, this deal ends today , so you only have a limited to make the decision and buy the one you are interested in.
Wind howling as final round at Erin Hills gets under way
Additionally, Harman is a left-handed golfer. "Sometimes you just have to play them (majors) until you get really comfortable". Open on Sunday. "No he didn't did he?" "I'm just going to try and enjoy the moment as much as I can and stick to my gameplan".