Publications
Partners
Cape Town – The ANC's national policy conference proposed that the South African Reserve Bank should be nationalised, which saw the rand taking a knock.
ALSO READ: Kganyago: Let’s base discussion of monetary policy on facts
South Africans wasted no time in expressing their views on Twitter on the matter. See the memes and tweets below:
ANC proposes to nationalise the Reserve Bank. That resulted in the fall of the Rand. pic.twitter.com/dW1OEMAh76
— Ofentse Mpete (@Ofancy_Ruru) July 5, 2017
I'm pro-transformation but Damn, you must be drunk or high if you trust the anc with the reserve bank. pic.twitter.com/9RJf7HbbxK
— Capitalist Nigga (@TrevinoFritz) July 5, 2017
Say goodbye to the SARB Reserve Bank, say goodbye to the Rand, say goodbye to the economy, say goodbye to our beautiful South Africa.
— Zamaanie (@Zamaanie) July 5, 2017
ANC proposes to own reserve bank shares. DO NOT GET THIS WRONG. The shareholders do not set policy. This is an abnormality from the past
— Wayne McCurrie (@WayneMcCurrie) July 5, 2017
Tjoh. Mildred Oliphant is presenting outcomes of economic transformation commission. Biggie: Reserve Bank must be nationalised.
— Qaanitah Hunter (@QaanitahHunter) July 5, 2017
Why can't the Reserve Bank print lots of money & give it to us for free ??
— M O R A T U W A (@_ManQoba_) July 4, 2017
No wonder why @AdvBMkhwebane is send to deal with the Reserve Bank....I'm connecting the dots........... pic.twitter.com/3Z71pXDdn4
— Thabo Moetji (@thabomoetji) July 4, 2017
You don't know? Take a look at who the real owners of the Federal Reserve Bank of are. And the US dollar is a global currency
— UNAPOLOGETIC (@HChukwuka) July 6, 2017
If ANC were as successful running stuff as it is grabbing new stuff to mess up nationalising "Reserve Bank" will be no problem#SAA
— Paul Claassen (@Kawasaki__900) July 6, 2017
If the reserve bank is nationalized or any other bank this country will be worse than any other country due 2 corruption "Reserve Bank"
— Lancelot Ndlovu (@ndlovulancelot) July 6, 2017
Remember there are no profits for Reserve bank. The bank is a link to International Banking. That's why it needs to be International managed
— Michelle Losego (@MichelleL0) July 6, 201
I would unreservedly back nationalise "Reserve Bank" if ANC would clarify where the bail-out money will come from
— Paul Claassen (@Kawasaki__900) July 6, 2017
Read Fin24's top stories trending on Twitter: Fin24’s top storiesNationalisation of the reserve bank will lead to more corruption, loss of investors & investor confidence which will smash the Rand!?? ??????
— JG (Johan) van Zyl ? (@JGvanZyl_ZA) July 5, 2017
