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.
Cyril Ramaphosa Loses Third Power Play to Ace Magashule in Under Two Weeks
Daily Maverick, 5 June 2019
An assault on the independence of the SA Reserve Bank; Pulling the teeth of the Integrity Commission; A status quo Cabinet: How Ace Magashule is pulling the rug out from the reform… Read more »
Left: ANC Secretary General Ace Magashule. RIght: Finance Minister Tito Mboweni.
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 »
'Ramaphosa's Silence on Reserve Bank No Indictment on His Leadership'
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 »
ANC's Reserve Bank Meltdown Likely to Take Centre Stage At Next Top 6 Meeting
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 »
China, Zuma, Hlaudi - Magashule's Post-Lekgotla Press Conference Sows Even More Confusion
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 »
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 »
A Tangled Web, ANC Edition - the Reserve Bank and 'Quantity Easing' Mess Reveals a Party in Deep Internal Crisis
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 »
Out of the Bottle - the Monetary Policy Genie (Or Not?)
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 »
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 »
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 »
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 »
This decline is the biggest quarterly fall in economic activity since the first quarter of 2009, when the economy - under strain from the global financial crisis - fell by 6.1%, ... Read more »
AllAfrica publishes around 600 reports a day from more than 150 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.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.