The Parliamentary Standing Committee on Finance invites the public to comment on the South African Reserve Bank Amendment Bill [B26 – 2018], which amends the South African Reserve Bank Act, 1989 (Act No.90 of 1989).
The bill aims to (among other things);
- Provide for the appointment of certain Board directors by the Minister
- Provide for the tenure of office of appointed directors
- Deal with the filling of casual vacancies for appointed directors
- Make the State the sole holder of the shares in the Bank
- Give the Minister the power to appoint auditors of the Bank
- Give the Minister the power to make regulations relating to the appointment of appointed directors.
30015 participants (closed 16 November)
[CLOSED] Have your say – shape this policy.
SUMMARY
The South African Reserve Bank Amendment Bill [B26 – 2018] aims to:
- Amend the South African Reserve Bank Act, 1989, so as to delete certain definitions
- Insert a definition
- Provide for the appointment of certain Board directors by the Minister
- Provide for the tenure of office of appointed directors
- Deal with the filling of casual vacancies for appointed directors
- Make the State the sole holder of the shares in the Bank
- Repeal certain sections
- Give the Minister the power to appoint auditors of the Bank
- Give the Minister the power to make regulations relating to the appointment of appointed directors; and
- Provide for matters connected therewith.
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