|
Malema – leave the South African Reserve Bank alone – RICHARD J GRANT
Recent calls to “nationalise” the South African Reserve Bank imply that the Bank is a private entity, thereby raising questions about the correspondence between legal definitions and the realities of control, policymaking, and administration. In fact, the Reserve Bank is a statutory creation of the South African Parliament, which also determines the main policy goals that the Bank is tasked to fulfil. Further, more than half of the Bank’s board of directors, including all the executive directors, is appointed by the President of the Republic in consultation with the Minister of Finance and a governmentally appointed Panel. That Panel, in turn, approves a list of candidates from which eligible private shareholders may elect the remaining board members.
The private shareholders have no direct control over any aspect of monetary policy or Reserve Bank operations. Their only role is in the election of a minority of board members from a pre-approved list. This involvement is valuable to the extent that it requires greater openness and provides transparency to the operations and auditing of the Bank. Successive amendments to the South African Reserve Bank Act have weakened this role and, with the proposed transfer of all shareholdings to the government, it would be lost completely.
To read further, please click here.
|
|
Tuesday, 17 July 2018 MEDIA BRIEFING 11:00 for 11:30 – Francois van der Merwe (Tisa) & Leon Louw (FMF) @ FMF – Tobacco counts, and so do you ... it's controversial, we know – RSVP here
Wednesday, 25 July 2018 EVENING EVENT 18:00 for 18:30 – Temba Nolutshungu, Eustace Davie, Leon Louw (FMF directors) @ FMF – Tales from last century: How FMF opposed apartheid – RSVP here
FMF events can be watched LIVE via the FMF’s Facebook page by clicking this link: https://www.facebook.com/FMFSA/
Once on the FMF Facebook page, please scroll down until you find the presentation live streaming. Please note: the video remains available on Facebook after the event (though you will need to scroll down further to find it). OR you can watch it on our YouTube channel – usually uploaded within a day or two: https://www.youtube.com/user/channelfmf
|
|
If you have a Twitter account:
- Please follow us on twitter (@FMFSouthAfrica) and retweet at least one of our daily tweets
- When you receive our weekly newsletter, open the feature article and tweet one of the three options at the start of the article
- Visit our YouTube channel (https://www.youtube.com/user/channelfmf), select one of our many videos, click, share and tweet
- Ask family and friends to join our campaign to reach more people by doing the above
If you have a Facebook account
- Please like our page (https://www.facebook.com/FMFSA/)
- Please share at least one of our daily posts
- Visit our YouTube channel (https://www.youtube.com/user/channelfmf), select one of our many videos, click, share and post
- Ask family and friends to join our campaign to reach more people by doing the above
Become an individual member/donor, a corporate member/donor or donate to Khaya Lam project
All individuals and companies can donate and deduct a maximum of 10% of their taxable incomes to Section 18A approved Public Benefit Organisations. The minimum annual payment we require is R250. All payments of R250 or more will be treated as a donation for which you will receive a Section 18A certificate for SARS.
|
|
TEL +27 11 884 0270 | FAX +27 11 884 5672 | EMAIL fmf@mweb.co.za
PO Box 4056, CRAMERVIEW 2060
Bryanston Gate, Block 5, Ground Floor, 170 Curzon Road, BRYANSTON
##Unsubscribe## from future emails
|