SARB nationalisation alarms market, sinks rand | IOL Business Report

CAPE TOWN – President Ramaphosa announced in parliament on Thursday, that South Africa is going to move ahead with the nationalisation of the South African Reserve Bank .

“The full extent and nature of President Ramaphosa’s announcement will need to be analysed extensively to determine if government will have authority over the mandate of the SARB. Chief Economist of Rebalance Fund Managers Dr Chris Harmse said as long as the SARB remained independent as was written in the Constitution it would not have any effect on either monetary policy or its relationship with the Department of Finance.

eeeish! That's a death roll I hear

When?

What does nationalisation of SARB mean for the ordinary person on the street who never had money?

I will believe it the day he addresses Broederbond or G20

Unamanga it will not happen🙄🙄

Different speech for different audiences. He never said that at Davos😥😥😥😥😥

It’s electioneering. ANC does not have the courage to nationalize this bank.

Who_is_Odwa kganyagolesetja rn 😂😂😂😂

Who_is_Odwa It didn't sunk the pound or us dollar of which both states their federal reserve banks are state owned... Markets are racist and classiest... 😏

One bad policy decision after another, clearly no one in this organization applies their mind before acting!

KganyagoLesetja 🙃

Well done CR, I'm sure there is a benefit in it for all involved in this decision while our country falls down the list. In one year only a percentage of good had come out since taking over...

Why dnt u nationalise Eskom

Hier kom groot mooielikheid.

Time the anc goes. Looting thugs

DO NOT TRUST THIS ANC BUNCH.

Unamanga kabi loPresident

😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡

Shame maybe because the MYANC is slipping in all ped? What an idiotic thing DUH dear Mr President do you understand it

CR is behaving worse than the flip-flop party.

The same as ZUMA the same shit ,the same corruption THE SAME GANGSTER

But it is nationalised. This whole thing is so stupid smh.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Newsdeck: South African Business Confidence Declines to Five-Month LowSouth Africa: South African Business Confidence Declines to Five-Month Low By Bloomberg
Source: dailymaverick - 🏆 3. / 84 Read more »

South Africa off to a good start in 2019 | IOL Business ReportData from the Institute of International Finance (IIF) on Friday showed that South Africa had a good start to the year. busrep 😂😂😂😂 yeah right.
Source: IOL - 🏆 46. / 51 Read more »

South Africa's economy grows by 0.8% in 2018 | Business | M&GSouth Africa’s economy grew by 1.4% in the fourth quarter of 2018, slightly above the consensus estimates of most analysts and economists of 1.2% growth.
Source: mailandguardian - 🏆 2. / 92 Read more »

Cassava Fintech launches cross border money service from SA to Africa | IOL Business ReportCassava Fintech South Africa has launched an enhanced cross-border money transfer service from South Africa to the rest of Africa
Source: IOL - 🏆 46. / 51 Read more »

SABC reviewing freelance contracts - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC says it's in the process of reviewing the freelance contracts of on-air talent which will expire next month. Good decision SABC, appreciated
Source: SABC News Online - 🏆 32. / 51 Read more »

Mkhwebane decides to expose departments - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Public Protector, Busisiwe Mkhwebane, says she has decided to name and shame those that have not implemented her remedial action to stop the trend from continuing.
Source: SABC News Online - 🏆 32. / 51 Read more »

World Zero Discrimination Day observed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Thurday is World Zero Discrimination Day. On this day, the United Nations (UN) urges countries and governments to change laws that are discriminatory. NOT IN THIS COUNTRY. With AFFIRMATIVE ACTION & BLACK ECONOMIC EMPOWERMENT leading to BLACK ELITE ENRICHMENT & AGGRESSIVELY ANTI-non-blacks we have RACIAL DISCRIMINATION in our COUNTRY. APARTHEID is now BLACKANISATION. SONA said we r NON-RACIAL? RUBBISH!!! we r STILL MULTI-RACIAL.
Source: SABC News Online - 🏆 32. / 51 Read more »