Good week

Financial Mail - - BETWEEN THE CHAINS -

With the ANC im­ma­turely match­ing EFF calls for the Re­serve Bank to be na­tion­alised, bank gov­er­nor took on the adult role, ask­ing what ex­actly the pol­icy in­ten­tion is. He pointed out that na­tion­al­i­sa­tion would be costly and risked desta­bil­is­ing the econ­omy. “Keep the Re­serve Bank out­side pol­i­tics and give it to tech­nocrats, whose job it is to make this de­ci­sion,” he coun­selled. Kganyago stressed that the bank would do ev­ery­thing in its power to pro­tect its in­de­pen­dence and con­sti­tu­tional man­date.

Le­setja Kganyago

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.