Sarb bill passes in parliament’s lower house
South African parliament's lower house on Tuesday approved a bill of amendments to the law governing the South African Reserve Bank (Sarb) that the central bank has been pushing for since early May.
The amendments strengthen the Sarb's hand against attack from some of its shareholders. A handful of investors have attempted to profiteer from their holdings, either by forcing higher dividends than the fixed ten cents per share per annum, or by attempting to force liquidation of the central bank
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