S&P’s is­sues a warn­ing

The Star Early Edition - - BUSINESS REPORT -

AS THE CRIT­I­CISM of Pub­lic Pro­tec­tor Bu­sisiwe Mkhwe­bane’s pro­posal to change the man­date of the South African Re­serve Bank (Sarb) mounted, rat­ings agency S&P’s Global Rat­ings yes­ter­day weighed in on the mat­ter, warn­ing against the med­dling with the central bank’s in­de­pen­dence. Mkhwe­bane on Mon­day opened a can of worms when she said she would ap­proach Par­lia­ment in or­der to change the man­date of Sarb, bring­ing to an end the in­sti­tu­tion’s in­fla­tion tar­get­ing role.

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