Don’t bank on it

CityPress - - Voices -

While at­ten­dees at the ANC pol­icy con­fer­ence, held in July, could not agree on whether monopoly cap­i­tal was white or not, they did agree on the need to na­tion­alise the SA Re­serve Bank. As things stand, the fi­nal de­ci­sion on whether the cen­tral bank should be state-owned will be taken at the party’s na­tional con­fer­ence next month.

But the ANC did an about-turn at this week’s heated de­bate, spon­sored by the Eco­nomic Free­dom Fight­ers. Re­spond­ing to Juju’s call for banks to be na­tion­alised, the ANC op­posed this idea, call­ing it mis­placed. It did not re­flect on its own pro­posal for the cen­tral bank. Sour grapes, per­haps?

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