Data provided by McGregor BFA
All data is delayed
See More

Head of SA Bank Note sacked

Jan 24 2011 17:48 Sapa

Related Articles

Sarb keeps rates on hold

Sarb index shows SA growth on track

Household spend on the up, says Sarb

SA reserves on the increase

ANC in bid to create state bank

SA still a money magnet

Johannesburg - The SA Reserve Bank has dismissed the suspended head of the SA Bank Note Company, spokesperson Hlengani Mathebula said on Monday.

"Following a formal disciplinary process, the South African Reserve Bank has dismissed Mr Musa Mbhele as the Managing Director of the South African Bank Note Company (SABN) and as an employee of the Bank," Mathebula said in a statement.

"Mr Mbhele was suspended last year when weaknesses were uncovered at the SABN."

Mbhele was suspended in August from the SABN, which is a subsidiary of the Sarb.

"An acting MD has been in place since his suspension and she has tightened procedures and implemented the necessary checks and balances to ensure that the company provides the consistent levels of superior service expected of it," Mathebula said.

The Sunday Independent reported last year that Mbhele had allegedly been charged with failing to comply with quality standards in connection with the printing of Zambian kwacha and Namibian dollar notes.


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.

DA wants to empower fishing communities - Zille

DA leader Helen Zille says the party has a plan for harbours and small-scale fishing communities.


Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...