Gauteng Community Safety MEC Sizakele Nkosi-Malobane on Tuessday reassured the public that student l.
THE SA Reserve Bank faces a challenge driven by a small group of shareholders trying to make profit at the expense of the national interest, Reserve Bank Governor Gill Marcus said.
The government and the central bank have said some shareholders are pushing for nationalisation of the bank so that they could be paid for their shares.
"The institution currently faces a challenge, ostensibly lacking in principle and evidently driven by the self-interested profit motive of a very small minority of shareholders," Marcus said yesterday in a letter to shareholders, published on the bank's website.
The bank is one of the few central banks in the world still owned by private shareholders, a system originally meant to give ordinary South Africans a chance to own shares.
Marcus said the bank's independence was enshrined in the Constitution, and that private shareholding was designed to enhance this independence. - Reuters