ANC wants to nationalize SARB

The African National Congress (ANC) argued earlier in the day that it will propose the central bank (SARB) to be state-owned.

The ANC said that it is an anomaly that the central bank is in private hands.

ZAR has managed to bounce off lows in the meantime, although it remains well on the defensive around 13.40, down 1.5% for the day.