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Report: South African central bank challenges report on Absa bailout

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Report: South African central bank challenges report on Absa bailout

The South African Reserve Bank said it filed an application to the Gauteng North High Court for the review of "evidential factual inaccuracies" in Public Protector Busisiwe Mkhwebane's finding that it did not recover interest from bailout funds provided during the apartheid era to Barclays Africa Group Ltd. unit Absa Bank Ltd., Reuters reported Aug. 3.

The central bank reportedly said the motion is separate from the application heard by the high court for the urgent review of Mkhwebane's proposal to amend the regulator's powers.