DA Removes Mark Burke From Finance Committee Amid R4bn Kastelo SARB Probe

DA strips Mark Burke of key finance roles amid SARB probe

A Reserve Bank investigation linked to a DA MP has prompted a significant move by the party as political pressure grows.

DA removes Mark Burke from finance committee amid R4bn Kastelo SARB probe

DA MP Mark Burke will no longer serve on Parliament’s finance committee or the party’s finance cluster amid a South African Reserve Bank inquiry involving fintech company Kastelo.

Mark Burke saga is a strong test of DA’s good governance swagger

DA federal chairperson and Deputy Minister of Finance Ashor Sarupen’s decision to play defence for DA federal finance boss Mark Burke after news of the Reserve Bank probe into Kastelo is a strange one, but you can understand why he did it.

DA saves face: Drops Mark Burke from key finance roles amid Kastelo scandal

The Democratic Alliance (DA)’s federal chairperson of finance and Member of Parliament (MP), Mark Burke, has been removed from parliamentary finance committees. The party’s parliamentary leader, George Michalakis made the announcement on Wednesday. Burke’s company, Kastelo, is under investigation after the South African Reserve Bank (SARB) flagged an alleged attempt to circumvent South Africa’s exchange-control regulations. In a statement, Micha…

Pressure mounts on DA’s Federal Finance chair Mark Burke to step aside

Pressure is mounting on DA MP and Federal Finance Chairperson Mark Burke to step aside from Parliament’s finance oversight structures amid scrutiny of the company he founded, Kastelo.   Kastelo used clients’ annual foreign investment allowances to buy cryptocurrency assets in the United States and resell them in South Africa, profiting from the price difference between the two markets.   The Reserve Bank says the arrangement may have breached ex…

SARB Probes Mark Burke's Kastelo Over R4bn Transfers

The South African Reserve Bank is investigating Kastelo, a crypto arbitrage firm founded by DA finance chair Mark Burke, over alleged R4 billion exchange control violations. The post South African Reserve Bank probes Kastelo over R4 billion transfers appeared first on Business Elites Africa.