Sarb trumps investors in fight to amend law

gill-marcus

Amendments to the law governing the South African Reserve Bank (Sarb) that will enshrine its independence and reinforce its defences against shareholders were on Tuesday approved by parliament's standing committee on finance.

"The Sarb is obviously happy that the standing committee on finance agreed with our proposals," Hlengani Mathebula, the central bank's head of group strategy and communications, told CentralBanking.com. "We now look forward to it being signed into law by the President, once

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