SARB | Who do you believe; Ace Magashule, Tito Mboweni or Enoch Godongwana?
Image:South Africans are in the dark about the ANC's stance on the Reserve Bank's policy following contradictory statements by the party's secretary-general, Ace Magashule, finance minister Tito Mboweni and ANC economic transformation head Enoch Godongwana on Tuesday. Magashule told journalists that the party had decided at the national executive committee lekgotla at the weekend to expand the Bank's mandate in order to ease the country's poverty, unemployment and inequality.
"It was agreed that all deployees will ensure that resolutions of the 54th national conference be fully implemented. In this regard, the ANC NEC lekgotla agreed to expand the mandate of the Reserve Bank beyond price stability to include growth and employment."However, Godongwana disputed that any decision had been taken regarding the central bank. Instead, he said the Bank's head and the finance minister would work closely in evaluating the country's economic performance.
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