Advocate Busisiwe Mkhwebane released the report in Pretoria earlier this month, where she ordered the special investigating unit to recover more than a billion rand from Absa.
She also ordered Parliament to amend the section of the Constitution which prescribes the reserve bank’s mandate.
Absa chief executive Maria Ramos says in an affidavit that the bank supports the relief sought by the Reserve Bank and the argument advanced by Governor Lesetja Kganyago.
Ramos says the Public Protector’s remedial action which directs an amendment of the Constitution is unlawful and unconstitutional because Parliament’s discretion cannot be fettered.
