Submission in response to the South African Reserve Bank Amendment Bill [B26-2018]

The HSF has made submissions to the Standing Committee on Finance in response to the South African Reserve Bank Amendment Bill, which seeks to nationalise the Bank. The HSF contends that the Bill fails to pass constitutional muster as it contemplates expropriation of the shares held by private shareholders without compensation. The HSF also questions the purpose sought to be achieved by the Bill, as private shareholders have no say in the constitutional mandate and independent functioning of the Bank.