At least bark up the right tree before trying to nationalise it
HERE WE GO AGAIN
At least bark up the right tree before trying to nationalise it
The recent calls for the South African Reserve Bank to be nationalised is another example of trying to solve a problem that doesn't really exist, writes WILLEM KEMPEN.
EVERY now and then, some politician kicks up a fuss about nationalising the South African Reserve Bank.
This time round it's Julius Malema; he's having at least his third crack at it. And then there's Des “Weekend Special" van Rooyen, who reckons the MK Party's manifesto promise to nationalise the Reserve Bank was the biggest single reason for its success in the recent election – which is a bit odd, since that success came at the expense of the ANC, who've been making exactly the same promise for donkey's years, at least in public.
Then again, many of them rediscovered the issue after they got booted from the ANC. Before that, they were laughed off or sidelined when promoting the same issue within the party. Malema and Jacob Zuma are cases in point, but also the likes of Ace Magashule, Busisiwe Mkhwebane, Dali Mpofu and all the others who have waved the Radical Economic Transformation flag at some point...
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HERE WE GO AGAIN
At least bark up the right tree before trying to nationalise it
The recent calls for the South African Reserve Bank to be nationalised is another example of trying to solve a problem that doesn't really exist, writes WILLEM KEMPEN.
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EVERY now and then, some politician kicks up a fuss about nationalising the South African Reserve Bank.
This time round it's Julius Malema; he's having at least his third crack at it. And then there's Des “Weekend Special" van Rooyen, who reckons the MK Party's manifesto promise to nationalise the Reserve Bank was the biggest single reason for its success in the recent election – which is a bit odd, since that success came at the expense of the ANC, who've been making exactly the same promise for donkey's years, at least in public.
Then again, many of them rediscovered the issue after they got booted from the ANC. Before that, they were laughed off or sidelined when promoting the same issue within the party. Malema and Jacob Zuma are cases in point, but also the likes of Ace Magashule, Busisiwe Mkhwebane, Dali Mpofu and all the others who have waved the Radical Economic Transformation flag at some point...
Register for free to read this article.
Hello! Vrye Weekblad moved from Arena Holdings to the Nuwe Vrye Weekblad Media Group on 1 October 2022. This means that we must ask you to create a reader profile again.
For October, which C. Louis Leipoldt did not call "the most beautiful month" for nothing, this will give you access to all articles published in that month.
We hope this gives Arena enough time to pay out all outstanding subscription fees to current subscribers.
From 1 January 2023 you will take out a subscription. But for now everything is mahala! Enjoy it. And thanks for being with us again!
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Next articleWillem Kempen
Editor: DailyWillem Kempen is editor of the daily edition of Vrye Weekblad. He is also a former editor of Finweek.