Have your say on SA Reserve Bank Amendment Bill
One of the amendments will allow the State to be the sole holder of the shares in the South African Reserve Bank.
SOUTH Africans have until Monday, 16 November to submit their written opinion on the South African Reserve Bank Amendment Bill [B26 – 2018], which amends the South African Reserve Bank Act, 1989 (Act No.90 of 1989).
The amendment bill aims to:
– Provide for the appointment of certain board directors by the Minister,
– Provide for the tenure of office of appointed directors,
– Deal with the filling of casual vacancies for appointed directors,
– Make the State the sole holder of the shares in the Bank,
– Repeal certain sections,
– Give the Minister the power to appoint auditors of the Bank,
– Give the Minister the power to make regulations relating to the appointment of appointed directors.
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The closure time for submissions on the aforementioned date is at noon.
Those who want to make submissions at public hearings on Wednesday, 18 November 2020 should specifically request this.
These hearings will be conducted through Zoom. Submissions must be directed to the Committee Secretaries, Allen Wicomb and Teboho Sepanya (Standing Committee on Finance), 3rd Floor, 90 Plein Street, Cape Town 8000, fax 021 403 3942.or via email at wicomb@parliament.gov.za or tsepanya@parliament.gov.za.
Alternatively, contact 021 403 3759, 021 403 3662 or 021 403 3782.
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