DA finance chief Mark Burke axed from Parliament committees amid R4bn Kastelo probe
The DA has yanked its chairperson of finance and Member of Parliament (MP), Mark Burke, off Parliament’s finance committees after his company, Kastelo, came under the South African Reserve Bank (SARB) investigation for allegedly trying to dodge South Africa’s exchange‑control rules.
Reserve Bank The SARB’s explosive affidavit against Kastelo, founded and chaired by Burke, who also serves as the DA’s federal finance chairperson, paints a picture not of minor regulatory lapses but of outright financial crime.
Allegations The explosive allegations surfaced that fintech company Kastelo, chaired by Burke, systematically bypassed South Africa’s exchange control regulations to externalise R4 billion.
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