By Khanyisa Tabata
04 May 2010
Cabinet has approved the SA Reserve Bank Amendment Bill that will limit shareholders' activities.
This follows concerns that activities by private stakeholders were attempts to undermine the bank's independence.
One of the objectives of the bill was to stop shareholders from circumventing the act's current limitations of the maximum of 10-thousand shares per stake per shareholder.
Finance minister Pravin Gordhan says it has come to the Bank's attention that a "fringe group" was attempting to improperly mobilise their shares in an attempt to influence the bank's decision-making capabilities.
Subscribe to:
Post Comments (Atom)
-
A man suspected of killing and raping a number of members of the farm worker community in Philippi on the Cape Flats appears in a Cape Town ...
-
''Human behaviour is the main cause of wildfires.'' These remarks were made by the Western Cape’s Local Government, Environm...
No comments:
Post a Comment