ANC Caucus calls for Burke’s removal from finance committees
Burke faces allegations linked to a Reserve Bank affidavit over his fintech firm, Kastelo.
The African National Congress (ANC) Caucus is demanding Dr Mark Burke, a Democratic Alliance (DA) MP, be removed from all finance-related committees. Burke, the DA's spokesperson on Finance, is under scrutiny due to allegations detailed in a Reserve Bank affidavit. The accusations concern the movement of large sums of capital across South Africa's borders and the potential bypassing of exchange control regulations.
The affidavit mentions a substantial amount of approximately four billion rand involved in these transactions. Burke is a member of Parliament's Standing Committee on Appropriations and the Standing Committee on Finance.
ANC Parliamentary Caucus Chair Cameron Dugmore expressed concern, stating that Burke's involvement in these allegations makes it inappropriate for him to be on committees with oversight responsibilities. Dugmore emphasized that Burke, in his capacity on these committees, should not be implicated in schemes that manipulate financial regulations to exempt himself.
The ANC Caucus plans to write to the Speaker requesting his removal from these portfolio committees, and they also call upon the DA to take similar action. Furthermore, the ANC Caucus asserts that the Parliament's ethics committee must investigate Burke's conduct. The DA maintains that all inquiries about Burke and the allegations must be directed to his company, Kastelo. Neither Burke nor Kastelo have yet responded to these allegations.
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