S.Africa's ANC reaffirms commitment to nationalising central bank - president


Reuters | Johannesburg | Updated: 31-07-2022 18:25 IST | Created: 31-07-2022 18:24 IST
S.Africa's ANC reaffirms commitment to nationalising central bank - president
Cyril Ramaphosa Image Credit: Wikipedia
  • Country:
  • South Africa

South Africa's ruling African National Congress (ANC) party reaffirmed its position that the central bank should be nationalized during a national policy conference over the past three days, President Cyril Ramaphosa said on Sunday.

Unlike most central banks in the world, the South African Reserve Bank (SARB) is privately owned. The ANC resolved in December 2017 to move it into full state ownership but has yet to implement the decision.

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