By Thapelo Molefe
Democratic Alliance (DA) Federal Finance Chair Mark Burke has stepped down from Parliament’s finance structures while the South African Reserve Bank (SARB) investigates allegations involving about R4 billion linked to Kastelo, a fintech company he founded.
DA Parliamentary Leader George Michalakis said Burke would no longer serve on the Standing Committee on Finance or in the finance cluster to avoid any perception of a conflict of interest.
“After consultation with Dr Mark Burke, we have decided that out of an abundance of caution, and to avoid any perceptions of a conflict of interest, he will no longer serve on the finance committee or in the finance cluster while a company he is a beneficiary of is the subject of an inquiry by the SARB,” Michalakis said.
The decision follows a call by the African National Congress (ANC) Parliamentary Caucus for Burke to be removed from the Standing
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