Comment on the draft bill to nationalise the SA Reserve bank – do it today!!

  • November 13th, 2020

Parliament has granted the public until 16 November to comment on the EFF’s DRAFT South African Reserve Bank Amendment Bill, which seeks to effectively nationalise the SA Reserve Bank (SARB) by making the state the sole shareholder in the bank.

Other proposals include;

  • Giving the Minister power to appoint the board directors
  • Make the State the sole holder of the shares in the Bank
  • Giving the Minister power to appoint the auditors of the Bank
  • Giving the Minister the power to make regulations relating to the appointment of directors.

There is unfortunately not much time remaining for you to object, provide suggestions, or comment on this important draft bill. Please click the link or the green button below to have your say.

We have also provided reports and feedback on campaigns you have participated in at this link https://dearsouthafrica.co.za/pdps/. Have a look and let us know your thoughts.