It is very important to understand that all the ECB’s policy decisions during the crisis have been made fully in line with our mandate to maintain price stability. They have been taken in full independence and we have established a solid track record for our independent decisions.
After some shareholders had failed to comply with the legislative measures pertaining to this limitation of shareholding, the SARB applied for, and was granted, an order by the High Court of South Africa authorising the sale of the shares held by these shareholders and their associates in excess of the statutory limit of 10 000.