ANC Withdraws Reserve Bank Debate Motion


CAPE TOWN: The ANC has on Tuesday morning withdrew a planned motion debate on the ownership of the Reserve Bank scheduled for later today in the national assembly.

The ruling party would not be drawn to provide in-depth reasons for the surprise withdrawal except to say in a brief statement that the decision was taken in order to “allow for greater consultation within structures of the African National Congress and key stakeholders”.

The role, independence, and mandate of the Reserve Bank was expected to be the subject of the 85-minute debate in Parliament.

Opposition party DA Chief Whip John Steenhuisen immediately took to Twitter to voice his approval of the withdrawing of the motion.