The SA Reserve Bank’s Prudential Authority 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.
“It is clear that Msiza intervened on numerous occasions when his political influence was required,” Motau said. Msiza and former Vhembe mayor Florence Radzilani, who were suspended from their positions soon after the Motau report came out, had already been reinstated by the party before the court judgment.
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