Bloomberg South Africa’s ruling party has ratified a proposal for the state rather than private shareholders to own the central bank. Delegates at the African National Congress’s elective conference in Johannesburg decided that the government should own 100 percent of the Reserve Bank, Enoch Godongwana, the head of the party’s economic transformation committee, told reporters in Johannesburg. The conference didn’t ...

Bloomberg Ukraine’s Privatbank, which was nationalised last year, said a UK court froze $2.5 billion of its ex-owners’ assets as the government seeks to recoup its bailout of the nation’s No. 1 lender. Justice Christopher Nugee in the UK High Court granted a worldwide freezing order against billionaires Igor Kolomoisky and Gennady Bogolyubov, including six companies they’re believed to own ...

BENGHAZI / Reuters Libya’s eastern-based parliament approved a new central bank governor on Tuesday, deputies said, cementing financial divisions as the country grapples with political turmoil and economic crisis. Libya, an oil producer, has two governments as a result of a power struggle waged since the toppling of Muammar Gaddafi in 2011 — a UN-backed government in Tri-poli and an ...