Fin24.com | Mabuza reaffirms ANC's Reserve Bank nationalisation plan

milbankmonitor.com

- milbankmonitor.com | 3 months ago

Deputy President David Mabuza has reaffirmed the ANC‘s intention to nationalise the SA Reserve Bank and place “public interest and development” at the centre of central bank‘s existence.

  The ANC resolved at its 2017 national elective conference – where President Cyril Ramaphosa was elected as the party’s leader – that it would work to . The status and mandate of the bank has proven to be one of the trickiest economic policy matters for the governing party, with President Cyril Ramaphosa fielding questions about the bank‘s independence at the World Economic Forum 2019 in Davos.

  The ANC moved to initiate a motion in Parliament to debate a change in ownership of Reserve Bank early last year, but did an .

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