Rebellious Mboweni voices stance on SARB: Burn me at the stake then

Rebellious Mboweni voices stance on SARB: Burn me at the stake then

- Tito Mboweni isn't convinced the ANC is on the right path when it comes to the nationalisation of the SARB

- The finance minister says he is not afraid of being 'burnt at the stake' for voicing his opinions

- This earned Mboweni backlash from Floyd Shivambu, whose party firmly believes in the motion

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Finance Minister Tito Mboweni has questioned the ANC's resolution to nationalise the South African Reserve Bank.

The politician has made his disapproval of the motion crystal clear in a series of posts to social media, gathered.

Mboweni seems aware of the fact that his comments would earn him backlash from within the ruling party, but evidently felt more concerned about the issue at hand:

“As a long-standing member of the ANC and its leadership structures, I know and understand our resolutions. I don’t need lectures on that. But on the SARB, I am convinced that we adopted a wrong resolution. What do we want to achieve? Our strategic focus: Structural economic reforms.”

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The ANC's end-goal in this situation is lost on the finance minister, who pointed out the nation already receives 90% of the funds paid over to the entity:

"As of now, 90% of the SARB profits are handed over to the National Revenue Fund. So? What do we want to achieve? Tell the public. Lets debate. Don't say internal debates, this is a fundamental National debate."

Mboweni's comments garnered interest from Economic Freedom Fighter deputy president Floyd Shivambu.

The Red Berets have long called for the South African Reserve Bank to be nationalised and Shivambu didn't take kindly to the thinly-veiled criticism:

"This looks like an ANC internal debate and conceited disrespect of internal process, tradition and principles. We as the EFF have introduced a parliamentary bill on removing private shareholders from the SA Reserve Bank and one of those private shareholders is Tito Mboweni!"

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