Former ANC president Thabo Mbeki has also joined the debate among black people about the possibility of nationalization of the South African Reserve Bank. Mbeki said the move was pointless, but political analysts said his point of view was merely an indication that he was still severely annoyed by how Zuma lifted him from the..
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Reserve Banking Nationalization might just be a stunt to retain votes for the ANC?
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Why the ANC is so desperate to nationalise the Reserve Bank even though it will be catastrophic for South-Africa in light of the major blow last week when the Rand weakened drastically after Ramaphosa’s announcement
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President Cyril Ramaphosa delivered a major blow to the rand this week after making it explicitly clear that the ANC, and thus government, will move ahead with its goal to nationalise the South African Reserve Bank. Ramaphosa’s line in Parliament on Thursday (7 March) – in which he said that ANC had made its position..
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ANC-regime supports Venezuela’s president, Nicolás Maduro’s socialist expropriation policy without compensation and nationalization which led to total decay of the country
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In a recent vote at the UN Security Council, the South African representation was firmly behind Venezuela’s president Nicolás Maduro. South-Africa was one of only 3 countries voting against the US resolution that no longer recognizes Maduro as president. Nicolas Maduro continued his predecessors’ socialist policy of expropriation without compensation and nationalization, which led to..
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