More headaches for the Public Protector

moneyweb.co.za

- moneyweb.co.za | 4 months ago

Public Protector Busisiwe Mkhwebane released a report on March 28 that instructed the Financial Sector Conduct Authority (FSCA) to take “corrective action” against a member of its transitional management committee, Advocate Dube Tshidi.

Tshidi was formerly executive officer of the Financial Services Board (FSB), forerunner of the FSCA. The Public Protector’s report found that Tshidi, in his capacity as FSB executive officer, had acted improperly in appointing attorney Anthony Mostert as the curator of several pension funds in 2005 and 2006.

These funds had fallen victim to a fraudulent scheme.

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