ANC shelves Sarb nationalisation plan

Elske Photography

South Africa’s ruling party has withdrawn its proposal to nationalise the nation’s central bank.

“The African National Congress in parliament has withdrawn its motion ‘on full public ownership on the South African Reserve Bank in line with international practice’,” the party said in a statement issued today (March 6).

The motion was due to be debated at 2pm today by the National Assembly. The ANC said it needed more time to allow for “greater consultation within structures of the African

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: