Mboweni rubbishes Magashule's 'reckless statements' on Reserve Bank

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Mboweni rubbishes Magashule's 'reckless statements' on Reserve Bank
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'To see people undermining all of that through reckless statements is very painful. Nobody ever said it was going to be easy,' he said.

"I am being asked what went wrong at the weekend, what were you people smoking?""To see people undermining all of that through reckless statements is very painful. Nobody ever said it was going to be easy," he said.

Mboweni joins the ANC's head of economic transformation, Enoch Godongwana, who said in a statement on Tuesday night that there was no decision by the ANC to expand the mandate of the central bank.In a media briefing on Tuesday, Magashule announced ANC would instruct the government to consider forming a task team to explore"quantity easing measures to address intergovernmental debts to make funds available for developmental purposes".

"The ANC NEC lekgotla agreed to expand the mandate of the SA Reserve Bank beyond price stability to include growth and employment," Magashule said.

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