ANC shelves Sarb nationalisation plan

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South Africa’s ruling party has withdrawn its proposal to nationalise the nation’s central bank.

“The African National Congress in parliament has withdrawn its motion ‘on full public ownership on the South African Reserve Bank in line with international practice’,” the party said in a statement issued today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

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