Mark Burke, a Democratic Alliance (DA) finance chief, has voluntarily stepped down from key parliamentary oversight committees. This action follows an investigation by the South African Reserve Bank into a company Burke founded. The investigation centers on potential violations of foreign exchange control regulations, concerning approximately R4 billion. Burke’s decision aims to avoid any perceived conflict of interest during the ongoing probe. The DA has confirmed Burke’s resignation from the committees but maintains it is a precautionary measure. The Reserve Bank has not yet released further details regarding the specifics of the alleged violations. The investigation is ongoing, and Burke will cooperate fully, according to sources close to the matter.