Johannesburg - The SA Reserve Bank (Sarb) and one of its shareholders, Mario Pretorius, have resolved their issues of dispute, according to a statement pasted on the Sarb's website.
The parties "regret the unfortunate events at the 88th ordinary general meeting of shareholders held in 2008, which resulted in proceedings being instituted by Mr Pretorius before the Equality Court".
The Sarb added that Pretorius, as a shareholder of the bank, actively participated in the process of ensuring good corporate governance in the institution.
"This statement serves, as far as Mr Pretorius and the bank are concerned, to resolve all issues of dispute between them regarding the events at the aforesaid ordinary general meeting of shareholders of the bank."
Both parties have recommitted themselves to the highest standards of professionalism and ethical behaviour "and to uphold the image of the Sarb and its shareholders in a spirit of co-operation and understanding".
Pretorius had alleged that racist remarks had been made at the 2008 meeting.
He asked former Sarb governor Tito Mboweni to bring the meeting to order, but Mboweni refused.
Pretorius then said: "Shocking."
Mboweni then informed Pretorius he should not address him in the manner used by whites when addressing blacks in the apartheid era.
Pretorius took the matter to the Equality Court, demanding compensation, an apology and for Mboweni to pay legal fees.
However, the court found that Mboweni's comments had not been racist.
Magistrate Siva Padayachee said that Mboweni's words were merely "a storm in a tea up".
The parties "regret the unfortunate events at the 88th ordinary general meeting of shareholders held in 2008, which resulted in proceedings being instituted by Mr Pretorius before the Equality Court".
The Sarb added that Pretorius, as a shareholder of the bank, actively participated in the process of ensuring good corporate governance in the institution.
"This statement serves, as far as Mr Pretorius and the bank are concerned, to resolve all issues of dispute between them regarding the events at the aforesaid ordinary general meeting of shareholders of the bank."
Both parties have recommitted themselves to the highest standards of professionalism and ethical behaviour "and to uphold the image of the Sarb and its shareholders in a spirit of co-operation and understanding".
Pretorius had alleged that racist remarks had been made at the 2008 meeting.
He asked former Sarb governor Tito Mboweni to bring the meeting to order, but Mboweni refused.
Pretorius then said: "Shocking."
Mboweni then informed Pretorius he should not address him in the manner used by whites when addressing blacks in the apartheid era.
Pretorius took the matter to the Equality Court, demanding compensation, an apology and for Mboweni to pay legal fees.
However, the court found that Mboweni's comments had not been racist.
Magistrate Siva Padayachee said that Mboweni's words were merely "a storm in a tea up".