# The National Treasury has cautioned that changing the South African Reserve Bank’s ownership could alarm investors and threaten property rights. Treasury’s Chris Axelson told lawmakers in Cape Town that the move could harm investment, growth, and carry major cost implications. Parliament’s finance committee is reviewing a bill to make the state the sole shareholder and grant the finance minister power to appoint directors. The Treasury warns the proposal could undermine governance and economic stability.
Treasury cautions SARB Ownership Bill may hurt investment, stability