The African National Congress (ANC)’s National Executive Committee (NEC) still wants the Reserve Bank to be nationalised, but quickly added that this position will not affect the institution’s mandate, senior party officials said Tuesday.
“Our position on the nationalisation of the reserve bank has not changed. If you talk about sovereignty of that bank, belonging to the people, is one and the same thing,” ANC Secretary-General Ace Magashule told a media briefing following the weekend NEC meeting.
ANC Deputy Secretary General Jessie Duarte added that the mandate of the South African Reserve Bank would not change if the bank was nationalised.
Magashule said the NEC did not discuss former president Jacob Zuma’s ‘spy claims’ at the public inquiry into state capture. “We have never discussed such a matter. The ANC discussed and focused on matters affecting South Africans [such as] unemployment, gender-based violence.”
Zuma accused former Mineral Resources Minister Ngoako Ramatlhodi
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