The ANC’s national executive committee has directed its sub-committee on economic transformation to urgently focus on the nationalisation of the South African Reserve Bank.
The party’s secretary general, Ace Magashule, made the announcement to journalists at a post-NEC media briefing on Tuesday at the ANC’s headquarters, following a three-day meeting which ended on Monday.
“It’s a resolution of conference. It has to be implemented. It has to be implemented with sensitivity, in consultation and engagement with various stakeholders and shareholders,” said Magashule.
The move is in line with the ANC’s 54th national conference resolutions, where delegates agreed to nationalise the Reserve Bank. Last week, President Cyril Ramaphosa gave the strongest indication yet that he would defend the independence of the bank, even if the government became its sole shareholder.
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