Nationalising South Africa's Reserve Bank

The ruling party in South Africa, the African National Congress (ANC) has in its election manifesto called for the nationalisation of the South African Reserve Bank. Meanwhile the Reserve Bank governor Lesetja Kganyago has called on the country to protect state institutions from attack by those who want to abuse power to enrich themselves. On the other hand Deputy President David Mabuza has reaffirmed the ANC's intention to nationalise the SA Reserve Bank and place "public interest and development" at the centre of central bank's existence. This move hasn’t found favour from all political parties; the Democratic Alliance has vowed it would fight against the adoption of a bill by Parliament aimed at nationalising the Reserve Bank‚ saying it opposes any threat to the central bank’s independence.1. Anabel Bishop Chief Economist Investec 2. Prof Phillipe Burger Head of Department: Economics and Finance University of Free State3. Leon Louw, Executive Director Free Market Foundation