EFF Ready To Table Bill In Bid To Nationalise Reserve Bank


- iafrica.com | 6 months ago

The Economic Freedom Fighters (EFF) has condemned Finance Minister Tito Mboweni’s dismissal of a resolution to nationalise the Reserve Bank.

On Wednesday, Mboweni clarified the mandate of the Reserve Bank, saying it operates independently without fear, favour or prejudice, provided there is regular consultation with him as the minister. This comes after the African National Congress (ANC) explained that it had not decided to expand the central bank’s mandate to include growth and job creation, as had been previously stated.

In a statement the EFF said Mboweni’s economic ideas dismally failed to create jobs, alleviate poverty and reduce inequality.

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