Cosatu on the Reserve Bank Amendment Bill

Cosatu on the Reserve Bank Amendment Bill

Business Day TV spoke to Matthew Parks from Cosatu

Government opposes taking full ownership of the Reserve Bank – Moonstone Information Refinery

Investors’ concerns about the expropriation of assets and interference with the mandate of the South African Reserve Bank are among the reasons the government does not support a proposed amendment to the South African Reserve Bank Act. The South African Reserve Bank Amendment Bill aims to amend the South African Reserve Bank Act of 1989 to make the state the sole shareholder of the Reserve Bank. The Bill was introduced by Julius Malema, the lead…