Cyril Ramaphosa reaffirms mandate of central bank.
Esa Alexander
"The South African Reserve Bank is a critical institution of our democracy, enjoying wide credibility and standing within the country and internationally."Price stability is a necessary but not a sufficient condition for economic growth," said Ramaphosa while delivering his state of the nation address on Thursday evening.
President Cyril Ramaphosa tackled numerous issues during his State of the nation address on June 20 2019. From recouping money lost to State Capture, Eskom’s continuous woes to youth unemployment and Investment into South Africa - here’s all you need to know from Ramaphosa’s Sona address. "For these reasons, our constitution mandates the South African Reserve Bank to protect the value of our currency in the interest of balanced and sustainable growth.
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