US EditionNetwerk24 | Torture on Reserve Bank Law Will Hurt Rand, Investors
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Government opposes taking full ownership of the Reserve Bank – Moonstone Information Refinery
Investors’ concerns about the expropriation of assets and interference with the mandate of the South African Reserve Bank are among the reasons the government does not support a proposed amendment to the South African Reserve Bank Act. The South African Reserve Bank Amendment Bill aims to amend the South African Reserve Bank Act of 1989 to make the state the sole shareholder of the Reserve Bank. The Bill was introduced by Julius Malema, the lead…
The National Treasury fears that foreign investors will view the proposed amendment to the Reserve Bank Act as political interference.
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