SA had got itself “into a lot of trouble” even before the current economic crisis set in and is running out of time to make the policy choices needed to get it through, Reserve Bank governor Lesetja Kganyago said.

Kganyago said in a virtual public lecture to Wits University's School of Governance on Thursday that SA risked following Argentina’s path “where ideological conflicts and unstable macroeconomic policies produced a steady economic decline”.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now