National Treasury rejects attempts to reform and nationalise SARB
submitted 12 months ago by Lthabo1999
submitted 12 months ago by Lthabo1999
- National Treasury rejected a proposal to nationalize the South African Reserve Bank, warning that it could lead to lawsuits by foreign shareholders.
- The proposal, supported by COSATU, aims to transfer privately held shares to the state and give the minister more control over the bank, but National Treasury expressed concerns about potential legal issues and investor confidence.
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