Sarb shares back on sale after long legal battle

The Sarb recently won a long-running legal battle
Elske Photography

The South African Reserve Bank (Sarb) has released a large number of shares for sale, having won a legal battle that has rumbled on for years.

Today (March 2) the Sarb invited "all eligible South Africans" to acquire part of a total 149,200 available shares, a sizeable chunk of the total two million issued shares. The Sarb has been 100% privately owned since it was established in 1921 – a rare case among central banks.

A court victory in November forced a group of holdout investors to sell

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