Late on Tuesday evening, the African National Congress had South Africans racking their brains, trying to figure out just what the governing party intended to do with the South African Reserve Bank.
Would they nationalise the Reserve Bank or let it be? Would that adjust the mandate of the beyond safeguarding the value of the rand and maintaining price stability in the interest of balanced and sustainable economic growth in South Africa?Over the past year, a number of developments have taken place regarding the Reserve Bank and the conflicting views are much broader than among ANC membership. Subscribe to Fin24’s newsletter here Here are the statements from various corners that have shifted the momentum of the discussions around the ownership and mandate of the South African Reserve Bank.
EFF’s SARB Amendment BillIn August 2018, the Economic Freedom Fighters tabled an amendment bill to nationalise the Reserve Bank.