# The EFF has welcomed all the submissions by different stakeholders on the Private Member’s Bill to transfer the ownership of the South African Reserve Bank to a democratically elected state. The party says the Bill, introduced by its leader Julius Malema in 2018, has lapsed twice in the fifth and sixth Parliament. The EFF says it lapsed not because of a lack of merit, but due to the fear and cowardice of members of the Standing Committee on Finance and the former liberation movement who do not want it to be finalised.
EFF welcomes submissions by different stakeholders on Private Member’s Bill