ANC bombs on Reserve Bank add to rand woes
This is the second time Luthuli House officials have been taken to task for misleading public statements about the status of the central bank
On a day marred by news that the economy had its biggest contraction since the depths of the global financial crisis, ANC secretary-general Ace Magashule dropped economic bombs, saying the party would expand the mandate of the Reserve Bank and explore the use of quantitative easing to deal with government debt.
Several hours later, the head of the ANC’s economic transformation committee, Enoch Godongwana, issued a statement, contradicting Magashule and saying that consideration of quantitative easing was not on the ANC agenda and that there was no decision by the ANC to expand the mandate of the central bank...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.