You can bank on the Bank, says Cyril amid confusion

President Cyril Ramaphosa has reassured concerned South Africans that the government has no plans of nationalising the Reserve Bank.
Image: ESA ALEXANDER

President Cyril Ramaphosa has assured citizens and investors that his government has no intention to tamper with the mandate of the SA Reserve Bank (Sarb).

In a statement issued on behalf of the ANC’s powerful top six, Ramaphosa said there were no immediate plans to nationalise the central bank.

This follows a public outcry over remarks about expanding the bank's mandate.

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