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ECONOMY-FINANCE

Here's The German Who Allegedly Owns 57.5% Of South African Reserve Bank

The topic of who owns the Reserve Bank of South Africa still rattles many feathers in the country. Most people are still convinced that a German national who goes by the name, Michael Duerr, owns 57.5% of Reserve Bank but that's far from the truth.

  2 months ago ago
Here's The German Who Allegedly Owns 57.5% Of South African Reserve Bank

ECONOMY-FINANCE

Here's The German Who Was Rumoured To Be Owning 57.5% of SA Reserve Bank

As everyone probably knows by now, the debate about who owns the South African Reserve Bank still raffles feathers amongst many South Africans and politicians due to the fact that its the first of its kind in the world where the state doesn't fully own it, rather its owned by many shareholders. Over the years the EFF and Julius Malema has aggressively pushed the agenda that the Reserve Bank should be owned by the state but unfortunately, the opposition parties like DA and ANC didn't support the suggestion. 

  9 months ago ago
Here's The German Who Was Rumoured To Be Owning 57.5% of SA Reserve Bank