Reserve Bank’s Prudential Authority to appeal ruling that cleared Danny Msiza

The SA Reserve Bank’s Prudential Authority (PA) said on Wednesday it will appeal a judgment setting aside findings advocate Terry Motau made against ANC politician Danny Msiza in his explosive report about the wide-scale looting that collapsed VBS Mutual Bank.

The PA, which is responsible for regulating banks, insurers, co-operative financial institutions and financial conglomerates, said a senior counsel had advised there were good grounds to appeal the judgment. Based on that advice, the PA said it would file an application for leave to appeal. ..

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