SARB will not be nationalised: Treasury
The South African Reserve Bank (SARB) will not see a change in its ownership structure, Pravin Gordhan, the country's finance minister, said on Monday, dashing hopes that he would bow to political pressure calling for the central bank's nationalisation.
SARB is one of a small group of central banks that is privately owned by shareholders. Investors, who receive a flat annual dividend of ten cents per share per year, get no say in policymaking. In January, Gwede Mantashe, the secretary-general of
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