You are here
S. Africa's ruling party may nationalize central bank but leave it independent
By Olebogeng Molatlhwa and Stbongakonke Shoba
The Times, Johannesburg
Wednesday, July 5, 2017
The African National Congress is mulling the idea of nationalising the South African Reserve Bank but says its independence should be guaranteed.
Addressing the media on the outcome of discussions in the economic transformation commission at the ANC's national policy conference‚ the party head of the economics transformation subcommittee, Enoch Godongwana said that private ownership of the reserve bank was an "anomaly." However‚ he said that come what may‚ the independence of the Reserve Bank should be guaranteed. ...
In the lead-up to the policy conference‚ there had been a strong push to nationalise the reserve bank and bring it completely under the control of the government.
But Godongwana explained that while the reserve bank had more than 650 shareholders‚ their influence over the bank's mandate and decision making was "neither here nor there." ...
... For the remainder of the report:
https://www.timeslive.co.za/politics/2017-07-05-anc-mulls-nationalisatio...
Goldco Is America's No. 1 Gold IRA Provider
Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.
Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.
To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 25-28, 2017
Hilton New Orleans Riverside Hotel, New Orleans, Louisiana
http://neworleansconference.com/
Mines and Money London
Business Design Centre
London, England, United Kingdom
Monday-Thursday, November 27-30, 2017
http://london.minesandmoney.com/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
