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Reserve Bank speaks out on ANC resolution to nationalise bank

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Cape Town – The South African Reserve Bank (SARB) on Wednesday spoke out on a draft resolution taken at the African National Congress (ANC) policy conference to nationalise the bank.

The rand last 2.2% when Bloomberg published leaked information from the conference on Wednesday, hitting R13.50 to the dollar at one stage.

The Reserve Bank told Fin24 that it has noted the draft resolution by the ANC policy conference, which is still to be submitted to the ANC elective conference.

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