Private shareholding represents an additional layer in the governance framework, to strengthen accountability and transparency, and complements the mechanism of how we are accountable to South Africans through their representatives in Parliament. While international experience does not suggest that the shareholding structure of a central bank meaningfully affects its performance, there is equally no obvious case for changing this structure at present.
Because when it comes down to it, values are beliefs which each and every one of us needs to anchor in our own behaviour. And that is precisely the problem which I intend to delve into later in my speech to you today.