STATE CAPTURE
NATASHA MARRIAN: How spies and secrets set up Reserve Bank for attack
Public Protector Busisiwe Mkhwebane’s remedial action proposed for the South African Reserve Bank following her probe into the Ciex report is clearly part of a broader political attack on the integrity of the institution. She released her report shortly after Mineral Resources Minister Mosebenzi Zwane unveiled the third and controversial iteration of the Mining Charter. In 2016, Zwane provided the first real indication that the Zuma-Gupta contagion had the central bank in its sights. He headed a cabinet task team to look into the closure of the Gupta family’s bank accounts and recommended drastic changes to the Banks Act to allow the finance minister, not the Bank, to control banking licences. Zwane’s attempts failed after he released a statement prematurely about a cabinet decision calling for a judicial commission into banking — the statement was later disowned by the Cabinet.The Black First Land First movement, Gupta lackeys, then began piling pressure on the public protector’s o...
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