Mboweni says SARB independent despite shareholders

Although the South African Reserve Bank is controlled by the government and private shareholders it is one of the most independent central banks in the world, Reserve Bank governor Tito Mboweni said in an article published Friday 12 January.

Mboweni said the fact the central bank was owned by private shareholders had no bearing on its independence or its role as a public institution.

"In South Africa, interference would not happen and it could not happen," he wrote in Catalyst, a magazine publ