Change in ownership would not impact mandate, Sarb reassures
South African central bank responds to ruling party discussion on nationalisation
The South African Reserve Bank (Sarb) has assured the public that proposals to change the ownership of the central bank have “no bearing” on its policy or regulatory roles.
In a statement sent to Central Banking, the Sarb responded to reports that politicians were mulling the idea of making South Africa’s central bank state-owned. The suggestions were made at the African National Congress’s (ANC) policy conference at the beginning of July.
“The Sarb has noted the draft resolution by the ANC
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