The NEC now wants the Bank to undertake measures that will ‘deal decisively’ with ‘unemployment, poverty and inequality’
The ANC has waded into the debate around the SA Reserve Bank again, with its national executive committee’s lekgotla agreeing that the Bank’s mandate must be expanded beyond price stability and must include growth and employment.
The ANC, at its elective conference in December 2017, resolved that the Bank should be nationalised, but did not, at that stage, talk about the central bank’s mandate. ANC secretary-general Ace Magashule made the announcement about the expectations for a revised mandate in a media briefing following the ANC NEC lekgotla at the weekend.
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