His comments follow division in the ANC over the Bank’s mandate
The ANC is fully behind President Cyril Ramaphosa’s bold defence of the Reserve Bank's mandate, ANC treasurer general Paul Mashatile said on Thursday night.came out in support of the Bank’s mandate, which protects the value of the rand in the interest of balanced and sustainable growth, following a fraught debate in the ANC.must pursue independently, without fear, favour or prejudice,” Ramaphosa said.
He emphasised that there would be no changes to the central bank’s mandate, adding that the ownership of the bank would stay the same “for now”. DA chief whip John Steenhuisen said it was “good that the president showed some leadership on it”, but questioned whether it would hold if the faction seen as aligned to Magashule pulled in a different direction.
Solly Mapaila, deputy general secretary of the SA Communist Party , one of the ANC’s alliance partners, said that the mandate of the Bank as articulated in the constitution was “very right”.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ANC releases list of portfolio committee chair nomineesSupporters of former President Jacob Zuma implicated in serious state capture allegations have emerged as powerful figures in parliament after they won the battle to chair portfolio committees.
Read more »
ANC elects former Zuma-era ministers as chairs of parliamentary committeesSpeaking following a meeting of the party in parliament, party secretary-general Ace Magashule named a list of MPs.
Read more »
ANC elects Zuma-era ministers as chairs of parliamentary committees | IOL NewsMinisters who served under Jacob Zuma have made it onto the ANC's preferred list of candidates to chair parliament's oversight committees.
Read more »
PARLIAMENTARY NOTEBOOK: Key parliamentary posts set to reveal which ANC faction holds the reinsA special ANC parliamentary caucus is scheduled for Wednesday to finally announce the committee chairpersons whose selection was delayed, repeatedly, amid factional horse-trading. But on Tuesday a different delay emerged: That of the swearing in of the second batch of new ANC MPs in less than two weeks, including two with clouds over their heads, from being fingered for supporting the Guptas to an overturned murder conviction.
Read more »
Dubious comrades sent by the ANC to head parliamentary committees | News | Politics | M&G
Read more »