Sarb rejects nationalisation plan

south-africa-reserve-bank-sarb-hq-pretoria-3
Elske Photography

Nationalising the South African Reserve Bank would “raise the level of risk and uncertainty” for the nation, the central bank has said in response to a recent resolution issued by the country’s ruling party.

At its party conference in December 2017, the African National Congress proposed acquiring the Sarb’s shares. Unlike other central banks, South Africa’s has been 100% privately owned since 1921. Currently, 2 million shares are outstanding.

“The Sarb functions in the public interest; privat

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: