Sarb defends amendment bill against investor attack

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The South African Reserve Bank (Sarb) on Friday dismissed media reports that its bid to raise governance standards and weaken shareholders' grasp on the central bank was taking a beating in the country's parliament.

Hlengani Mathebula, the Sarb's head of group strategy and communications, told CentralBanking.com that a parliamentary hearing on the Sarb amendment bill, which ran from Tuesday to Friday, had gone well for the central bank. "Judging from the questions that were asked today and the

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