Ramaphosa spoke about the five-year-old resolution that involved the nationalisation of the SA Reserve Bank and a decades-old resolution on the corporatisation of the Post Bank.
He told ANC delegates gathering at Nasrec, Johannesburg, that the nationalisation of the Reserve Bank should take place in a manner that will not have a negative financial consequences for South Africans. His comments came five years after the party resolved in the 54th national conference that the central bank should be nationalised.
"The NEC reaffirmed the need to address the historical anomaly of private shareholding in the bank and agreed that the bank should be fully owned by the people of SA. In 2019 he was quoted by SowetanLIVE's sister publication BusinessLIVE saying the central bank will remain independent. He added that it was imperative to transform the financial sector by implementing the party's resolution, which was taken decades ago, of corporatising the Post Office.
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