Ramaphosa discusses impact of inflation, the Reserve Bank's mandate, and the progress made in commissions of inquiry during Q&A.
President Cyril Ramaphosa addresses South Africa's economic challenges, the Reserve Bank's mandate, and ongoing commissions of inquiry.
“Most items cost more, and people are not able to afford many of the items that they usually buy. While the Reserve Bank should, without sacrificing price stability, take into account broader objectives such as employment creation and economic growth, there is currently no intention to review the mandate of the Reserve Bank,” he said.
Ramaphosa said there were many lessons learned from the commissions he appointed as the reports had been tabled. “I have said on many occasions that many charges have been prepared against a number of people who were involved in state capture. Many cases have appeared in our courts, and there has also been the process of following up on their assets through the asset’s forfeiture structure. All that is going ahead.
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