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South Africa:
Reserve Bank Mandate Row - Ramaphosa, Magashule's Public Spats Intensify
News24Wire, 6 June 2019
The ongoing battle for the SA Reserve Bank within the ANC went onto Twitter with party secretary-general Ace Magashule once again contradicting president Cyril Ramaphosa. Read more »
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South Africa:
'Ramaphosa's Silence on Reserve Bank No Indictment on His Leadership'
News24Wire, 6 June 2019
President Cyril Ramaphosa's silence on contradicting statements made by senior party leaders on the possible expansion of the mandate of the South African Reserve Bank (SARB) is… Read more »
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South Africa:
ANC's Reserve Bank Meltdown Likely to Take Centre Stage At Next Top 6 Meeting
News24Wire, 6 June 2019
Public clashes of top ANC officials around the expansion of the mandate of the South African Reserve Bank (SARB) are likely to be a talking point in a meeting of the party's top… Read more »
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South Africa:
China, Zuma, Hlaudi - Magashule's Post-Lekgotla Press Conference Sows Even More Confusion
Daily Maverick, 5 June 2019
As news broke of South Africa's economy nose-diving, ANC secretary-general Ace Magashule dished up more of the same solutions to the country's ills: A little bit of China, some… Read more »
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South Africa:
The Quantity of Monetary Easing, Not 'Quantity Easing', May Be the Stimulus the Economy Needs
Daily Maverick, 6 June 2019
Amid all of the hilarity triggered by the ANC statement regarding 'quantity easing' lie some serious issues. Quantitative easing has been a weapon of choice among policymakers in… Read more »
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South Africa:
A Tangled Web, ANC Edition - the Reserve Bank and 'Quantity Easing' Mess Reveals a Party in Deep Internal Crisis
Daily Maverick, 6 June 2019
The very public slapping down of Ace Magashule by, among others, Tito Mboweni and Enoch Godongwana is yet another expression of just how comprehensively the ANC is divided. You… Read more »
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South Africa:
Out of the Bottle - the Monetary Policy Genie (Or Not?)
Daily Maverick, 5 June 2019
The ANC, newly invigorated after the elections, has put altering the mandate of the South African Reserve Bank at the centre of its developmental agenda and has touted exploring… Read more »
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South Africa:
National Treasury Welcomes IMF Policy Recommendations
SAnews.gov.za, 4 June 2019
National Treasury has welcomed and noted the key risks identified and proposed policy recommendations by the International Monetary Fund (IMF) during a recent visit to the country… Read more »
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South Africa:
South African Reserve Bank Meets With International Monetary Fund
Govt of SA, 4 June 2019
The IMF visited South Africa from 27-31 May 2019 to discuss economic developments in the country. The IMF staff met with government, the South African Reserve Bank, state- owned… Read more »
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South Africa:
Shock as SA's First-Quarter Economic Growth Shrinks By 3.2 Percent
Daily Maverick, 4 June 2019
Days after President Cyril Ramaphosa pledged to implement his economic reform plans during his inauguration, the latest economic growth figures underscore the urgency in which he… Read more »