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Media Alert: Finance Committee to Hold Public Hearings on South African Reserve Bank Bill | SA News

Parliament, Tuesday, 1 July 2025 –The Standing Committee on Finance will tomorrow, 2 July 2025, through the virtual platform, hold public hearings on the South African Reserve Bank (SARB) Bill [B26-2028].

The SARB Bill is a Private Member’s Bill introduced in 2018 by a member of the National Assembly, Mr Julius Malema.

According to the Rules of the National Assembly, a private member is any member [of the National Assembly] other than a Minister, a Deputy Minister, the Speaker and the Deputy Speaker.

The SARB Bill aims to amend the South African Reserve Bank Act, primarily to make the state the sole shareholder of the bank’s shares.

It also grants…

Political Parties: The African National Congress (ANC) is the dominant political
party, while the Democratic Alliance (DA) and Economic Freedom Fighters (EFF) are significant opposition parties.

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