Nationalising sa reserve bank
[EXPLAINER] SA’s central bank – ownership, mandate and independence
There's an assumption that a change of ownership would automatically mean a change in the role the bank plays.
On Thursday, Masina hit out at the Reserve Bank governor, accusing Lesetja Kganyago of thinking he is bigger than the 'party that deployed him'.
SA Reserve Bank Governor Lesetja Kganyago says that nationalising the bank will be costly and risks destabilising the economy.
The ANC Youth League says the reasons behind the withdrawal of the motion are flimsy and not politically convincing.
At the party’s policy conference earlier this year, ANC resolved that the central bank should be nationalised and have greater interaction with the finance minister.