EFF is one step closer to nationalise Reserve Bank
Aug 17th, 2018 Lubabalo Poswa 919 Views
The South African Reserve Bank Amendment Bill would “make the state the sole holder of the shares in the bank” and “provide for the appointment of certain board directors by the (finance) minister”, according to a copy of the bill posted on parliament’s website.
The ruling ANC resolved at a party conference in December to move to full state ownership of the bank, saying the current ownership structure was a “historical anomaly”. Video: Sandisiwe Ntlemeza/ANA