South Africa regulator trades blows with public protector

international-adviser.com

- international-adviser.com | 2 weeks ago

A report titled ‘Allegations of maladministration, abuse of power and improper conduct by the former executive officer at the Financial Services Board’ has kicked off a legal spat between the South African watchdog and the country’s public protector.

The accusations date back to the six years following 2005 and are aimed at Dube Tshidi, who was chief of the FSB, which became the Financial Sector Conduct Authority (FSCA) on 1 April 2018. The report centres on the administration of 10 pension funds that had been hit by fraudulent activities.

Freedom fighters The report of the public protector, which is one of six independent state institutions set up to support and defend democracy in South Africa, was published in March 2019.

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