SACP Special Congress to zoom in on Revised Reserve Bank mandate via SABCNewsOnline
SACP National Spokesperson Alex Mashilo says South African Reserve Bank Act must be amended.
Besides exploring the skills that must be developed to harness opportunities presented, the party says that the impact on workers of innovations in various sectors such as financial services, mining, medicine and the automotive sector must be mitigated.
The Congress will see the revival of an ongoing battle relating to the South African Reserve Bank’s mandate. The issue has seen pitched battles between and within the“The South African Reserve Bank Act must be amended in line with our constitution so that it makes explicit employment, growth targeting and also promotes transparency and gives accountability towards the way the bank operates.”
“We have to find mechanisms including enforcing that all government institutions, State-Owned Enterprises must fly SAA and we must support SAA instead of simply saying, ‘it’s incapable to make profit, let’s privatise it.'”
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