The nationalisation of the Reserve Bank would create fears over the possible nationalisation of financial assets in general and be negative for investment and economic growth, the Treasury argued in parliament on Wednesday.
The Treasury also said such a step, coming against a backdrop of state capture, would be the wrong move and would be strongly opposed by the government.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Yet the majority of central banks are state owned but doing the same here will create fears - wow!!
'We've already turned all the SOEs upside down, now lets expand to the SARB'
MYANC politicians don’t care.
So the sooner the better.
Fake news.