DA finance chief Mark Burke under siege
- Mark Burke recused himself from the finance cluster due to allegations that his company Kastelo violated Reserve Bank exchange controls.
- Kastelo's crypto arbitrage trading service was accused of circumventing exchange controls by offering customers bonuses for using their annual foreign investment allowances to purchase Bitcoin overseas and sell it in South Africa.
- The DA's decision has sparked concerns about potential conflicts of interest, with Kingsley Wakelin appointed as Finance Spokesperson for the DA.
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