Mandate of South Africa's Reserve Bank to be Expanded or Not?

ANC Secretary General Ace Magashule has said that African National Congress's National Executive Committee (NEC) resolved at the latest meeting that the South African Reserve Bank's (SARB) mandate should be expanded. However, Finance Minister Tito Mboweni denied this, saying in a tweet that government determines the mandate of the SARB, implying that the ruling party's NEC has less influence in the matter.

Left: ANC Secretary General Ace Magashule. RIght: Finance Minister Tito Mboweni.

InFocus

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.