South African governor warns against nationalisation

Lesetja Kganyago
Lesetja Kganyago
Elske Photography

South Africa’s central bank governor has advised the country’s government to drop its plans to nationalise the institution.

Nationalisation “could turn out to be a protracted legal process and a very expensive exercise for what would, at best, be a cosmetic gain”, Lesetja Kganyago warned on July 27. His caution came as the central bank’s top lawyer filed legal papers formally accusing South Africa’s top state-appointed ombudsman of having lied under oath.

“Some proponents of nationalisation

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: http://subscriptions.centralbanking.com/subscribe

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: