Ramaphosa to MPs: We will nationalise the Reserve Bank | News | Politics | M&G

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Ramaphosa to MPs: We will nationalise the Reserve Bank | News | Politics | M&G
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Speaking during his final question and answer session for the fifth Parliamentary term before elections, Cyril Ramaphosa said the ANC’s Nasrec conference resolution to nationalise the South African Reserve Bank (SARB) must be implemented.

President Cyril Ramaphosa says the ANC’s Nasrec conference resolution to nationalise the South African Reserve Bank must be implemented.

Ramaphosa said South Africa is only one of six countries in the world whose central bank is owned by among others external shareholders. Asked by the leader of the opposition how much money his son, Andile earned from a Bosasa contract, the president said all information had already been handed over to the public protector.

Mthembu says the caucus is fully behind Ramaphosa to lead the ANC to the polls. This even though some in ANC benches have been quiet when the president has tackled touchy issues, like the restructuring of state-owned entities and shrinking the size of Cabinet and government departments.

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