Former president ThaboMbeki has warned about the ANC’s call for the nationalisation of the SA Reserve Bank, saying it would not result in any material achievement.
Johannesburg - Former president Thabo Mbeki has warned about the ANC’s call for the nationalisation of the SA Reserve Bank, saying it would not result in any material achievement.
Since his defeat by his successor, Jacob Zuma, at the 2007 national conference in Polokwane and his recall by the party in 2008, Mbeki has not been active in ANC politics. “It is in that context that it becomes possible to come back and to be active publicly like this,” he said. “I don’t know what anybody would gain by that nationalisation of the Reserve bank, except to say we have nationalised. Nothing would change in terms of the behaviour of the Reserve Bank, nothing,” Mbeki said.
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