ANC withdraws motion on Reserve Bank nationalisation

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The Reserve Bank has hit out at ratings agency Moodys for clipping the wings of South Africas big four banks.?It follows this week's downgrade of Capitec's credit rating and the decision to place African Bank under curatorship.?

JOHANNESBURG – The African National Congress (ANC) in Parliament has withdrawn its motion to nationalise the South African Reserve Bank (Sarb).

The debate was scheduled to take place on Tuesday afternoon.

 

 

The party in a tweet said it had done in order to consult further within party structures.

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