Johannesburg - The Law Society of South Africa (LSSA) has welcomed Monday's judgement by the Constitutional Court on the Public Protector versus the SA Reserve Bank matter, saying that the judgment brings finality to the matter.
On Monday, the majority of the Constitutional Court dismissed Advocate Busisiwe Mkhwebane's application to set aside a judgment by the Gauteng North High Court passed last year, which ordered that she pay 15 percent of the costs in that case from her own pocket.
This means that Mkhwebane is now liable to cough up R900 000 of her own money towards footing the legal bill of SARB counsel.
The ConCourt found that Mkhwebane had acted in bad faith, that the entire model of the investigation was flawed and she was not honest, ordering her to pay the punitive personal costs originally ordered by the High Court.
The High Court judgment had further set aside the remedial action contained in her 2017 Absa/Bankorp report‚ which found that Absa should repay R1.1 billion to the South African Reserve Bank.