South African Reserve Bank’s private shareholders

South African Reserve Bank's private shareholders

(www.abndigital.com) Finance Minister Pravin Gordhan has unveiled legislation to curb the influence of a group of the Reserve Bank’s private shareholders. They stand accused of threatening to undermine the Bank’s independence and circumventing laws that limit them to holding 10 000 shares. For some reaction to yesterday’s announcement I’m joined now in studio by shareholder Mario Pretorius, while Michael Duerr, also a shareholder, joins us on the line from his home in Schliersee, which is 60 km outside of the German city of Munich.
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2 Responses to “South African Reserve Bank’s private shareholders” Subscribe

  1. geheimdaheim January 26, 2009 at 5:46 pm #

    Like the FED the SARB prints money out of thin air and charges interest to the Government. A central bank should not be private and state owned with NO interest rate.

  2. syprix January 26, 2009 at 6:13 pm #

    Having private shareholders control the reserve bank is not a good idea because then there motives are profits for them selves and not the wealth of the nation.

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