Rushed Process for Reserve Bank Nationalisation Bill
10 November 2020
The Reserve Bank Amendment Bill, the private members bill being driven forward by the EFF is open for comment to the public. The bill would provide for a wide ranging changes to the way that the Reserve bank operates including:
Provide for the appointment of certain Board directors by the Minister
Provide for the tenure of office of appointed directors
Make the State the sole holder of the shares in the Bank